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Technology Stocks : American Power Conversion

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To: allen r. who wrote (1959)2/11/1998 3:41:00 AM
From: Gil Gilbertson  Read Replies (3) of 2574
 
Its not the present earnings that affect the stock price, it is
the earnings that investors anticipate and at what growth rate and
the degree of dependability. As I posted earlier, I believe my
statement that the institutional buyers would now notice the stock
has born out. Those large blocks moving in a narrow range tell the
story. They will buy in a certain range and try to shake nervous
nellies out. But the hand has been dealt that we are looking at
a sound, prosperous growing company that dominates its specialty.

This makes for an ideal institutional holding, but there isnt a lot
of float so they work it in a narrow range, however as we move into
1998 and see the quarters buildingat a 25% rate or better it doesnt
require a rocket scientist to see $2. times 25 = 50 for 1999 if we
have a half way decent market.
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