Applebee's Neighborhood Grill & Bar (APPB) Message Board

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Non-Tech : Applebee's Neighborhood Grill & Bar (APPB)

APPB 0.000200

+100.0%

Mar 6 3:00 PM EST

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To: Holger Johannsen who wrote (13)	12/10/1997 5:16:00 PM
From: Phil Abel	Read Replies (1) of 71

I've always liked the analogy I once read that the price/volume relationship of a stock is kind of like pushing a big boulder up a hill. It takes force (volume) to move the boulder up the hill (or even keep it in the same place) but the boulder can roll down under its own weight, let alone if somebody is on the other side of it trying to push it back down. IMHO, that seemed to be the story today in APPB. Lower volume + negative overall market + profit taking after a decent little run-up from the low 20's to over 23 + buyers on the sidelines today = decent drop. The MM's just keep ticking down the bid/ask trying to flush out some orders. Fundamentally speaking, there are 4-5 APPB restaurants here in Richmond VA that I drive by regularly, and the parking lots are always full.

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