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Strategies & Market Trends : Lizard King's Trading Swamp

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To: ElGator who wrote (5856)4/7/1998 9:48:00 PM
From: LzzrdKing  Read Replies (1) of 7396
 
<<Your hypothesis regarding the recent drop of APSG appears to be correct. I spoke with the company this afternoon and was told that it is their understanding a mutual fund has been liquidating a position; and that is all. There is no news, there are no problems, none are anticipated and company remains strong. Earnings should be released mid May.
I enjoy lurking on your thread and have sincerely appreciated your comments>>

Just to let you know a bit more about why I thot it was a fund liquidating, I have seen big blocks after the close the past few days. This can mean one of two things. Either Robet Butkus is selling his position, or a fund is liquidating. Since Robet isn't in this stock, it must be a fund. This stock has looked horrible after earnings releases many times. Each time has been a buying oppy. This time I think so also, but I don't want to buy on the way down. When it starts moving up, you will know the seller is gone. I think that may be tomorrow. We shall see.
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