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Strategies & Market Trends : APMP (formerly APM)

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To: WTMHouston who wrote (9521)	12/29/1997 12:57:00 AM
From: Alan Lee	Read Replies (1) of 13456

<< Any particular reason for thinking it will tank more this week? >> Nah, just a guess for the contest, my real short (8 1/8 in late Nov) will be covered at 7 if it shows any strength ... otherwise I'll wait a while longer to see of anything else bad happens. There were a couple of quite negative sounding downgrades of this stock a few weeks ago right before I shorted it - but like you said, the apparent manipulation took most of the shorting potential out of this stock before that, and a lot of what could go wrong (being forced to shut down some or all of their south american casinos, for instance) probably won't be decided for quite a few months. This and ZITL (short) are still the only stocks that I'm still ahead on after the dd, high-tech, semi equip. etc. disasters of the last couple of months. PS Someone on one of the shorting threads seems to think it has a ways to go yet - these guys seem to be pretty good at picking shorts. Message 3029043

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