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Non-Tech : APCO Automobile Protection Company

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To: Cary C who wrote (1434)3/5/1998 8:47:00 AM
From: TheInvestor  Read Replies (1) of 3351
 
Cary:
First let me tell you my personnal opinion. Yes APCO is a good co., the stock now is highly inflated with a lot of talk about potential, we had two contract news releases but NO MONETARY VALUE behind them,
for folks to jump on this and act like the Co. is going to make mega
dollars on it, is a HYPE TRIP. You of all people hate hype trips, lets
get down to reality and tell it like it is. If you ask Todd what these
contracts mean in dollar value with some level of confidence he will
not say, because he wants to be more conservative, to me its a way to
withdraw oneself from commitment that cannot be met. Why
not ask for facts and stop the hype trips. Yes, I am off this hype train now, because I did not see APCO going that fast past $8 mark, I
expected more of a rolling mode. Apco has clearly taken advantage of the hype on SI to monopolize on it. To me it crosses the line between
a scam and decent business. They even told you or others to blast these two news articles to get the stock to jump up, but as I said before, What goes up in hype will go down in hype.

I am not impressed. At least RECY stands behind its obligations and does not try to inflate what is not there. Yes, they have debt, yes
they come clean with the pros and cons on the Co. I like honest true
to the core companies, not ones trying to monopolize on people's weakness.

If and maybe when, these two contracts produce the kind of cash that warrants the move we are seeing now, then and only then I will applaud
these contracts and say the stock blongs at a higher level. I do not
appreciate folks who buy on rumor and sell on Good news, I have been
burnt too many times buy scams like this in stocks.

I have also been burnt many times last year with the TA56 POW stocks,
because they were driven by hype more than reality. We all know what
hype does to investments in the long run, so lets take a more conservative posture, and place the value where it should be. Perhaps
comparing other Stocks in similar situation and pricing category would
be a better way to price a stock and seek a given price.

That is my two cents worth, right or wrong. It is my opinion and you
asked it.

TI
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