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Strategies & Market Trends : APMP (formerly APM)

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To: marc chatman who wrote (10980)	5/2/1998 12:29:00 PM
From: Richard Haugland	Read Replies (2) of 13456

Marc, we are watching another stock together. I have been in (and out of) PDS since 17 1/2. IMO, its recent acquisitions should strengthen its performance and increase its dominance in Canada. It may be my defensive stock too. This week I bought 1k at 23 (on an order placed at 23 1/4!) sold in two days at 24 7/8 and bought back 1k at 24 1/2 and another 1k at 24 1/16. After one more down day it made a recovery as high as 24 3/4 yesterday intraday. I feel that the oil sector may also be both a good defensive and offensive play for the coming months. I would expect it to recover as the world economy recovers. PDS also has a P/E of about 10 but, as we know with APM (and now CREAF) that seems to mean nothing to the market or to future performance. Where does one get the oil prices on the Web? I am about 25 to 30% cash again, happy I left my money in NETA (which announced a 3 for 2 split this week) but not so happy on CREAF (which descended back to the pits after meeting earnings and predicting a significant increase in future revenues!)

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