TobaccoMan writes:
Sorry I was not specific enough. APCC's Q 3 & 4 have always been historically stronger than 1 & 2, thus towards the end of the year, for the past five years, the stock price has had positive movement.
If 1997 is year 5, 1996 is year 4, 1995 is year 3, 1994 is year 2, and 1993 is year 1.
This year is OK, so far. But things look poised for a 20% correction near term; based, as you say, on historical trends.
Last year ended excellently, 200% above the open and at the high.
But 1995 ended off 40% from the open, and 60% from the high.
In 1994 it was off 20% from the open and 45% from the high.
In 1993 we were up 50% from the open but off 20% from the high.
I think we can put to rest some end of year bias hypothesis. It is not the time of year, but the dynamics of the market which decides price movement. |
