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Strategies & Market Trends : APMP (formerly APM)

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To: appro who wrote (9934)2/2/1998 12:23:00 AM
From: virgil vancleave  Read Replies (1) of 13456
 
***one stock---one week ***** short apex at open 2/2
some might think i am crazy on this one but it looks to me that it has just formed a right shoulder in a head and shoulders top. trend is down and growth has slowed. my cover point is in the mid to upper teens as that is where i consider fair value.
btw, i am still long creaf and see a head and shoulders bottom with a potential breakoput with a strong move up past 20 with resistance at 22. not sure if we can take 22 out, thus picked apex for the week.
some other longs for thought...... arbr, mscc, gac, and mlhr
some other shorts for thought.... cvc, scai, ctxs, voclf, tklc, imnx and lots more.
as you can tell, my shorts list is much longer than my longs, thus indicating more downside for some. just my 2 cents
good luck
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