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Non-Tech : APCO Automobile Protection Company
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To: steven d. zapf who wrote (541)12/17/1997 2:50:00 PM
From: Bankceo  Read Replies (1) of 3351
 
This board has gotten a bit out of hand. The stock had a nice run-up; we now are in the process of a 50% retracement; the fear of lower car sales and change in the yen relationship is the excuse to sell. The fundamentals are good; this is a relatively low beta stock as small caps go; so I expect moves to be more gradual than others. The fundamentals and technicals look good. I expect a 6.25-6.50 short-term bottom on this. Daytraders should relax; I agree this is not a particularly good stock to trade on momentum. LOL to ALL>
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