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Microcap & Penny Stocks : lcav
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To: Harry W. Lowe who wrote (396)5/18/1998 12:26:00 AM
From: Manny Gugliuzza  Read Replies (1) of 942
 
well as the fluff shakes out and the earnings become more positive the real value will become evident for this [undervalued?], they actually lowered the bookvalue from .72 cents to .66 cents MRQ at market guide, issue.

but just a short thanks to Harry for encouraging us all to just take a little closer look at the stock price action before committing, which you can buy now for 3.03 rather than 3.42 roughly 4,000 for a large block.

i know i have, checking other indicators that i do not normally follow for weakness.

although the stock is acting like it does not want to go up and that to me is very bullish, either we stab down to the 50-55 day MA which is at the 2.65-2.75 gap or triangulate out to a point i have not plotted yet but seems similar to mid march action.

a similar stock action is visible on the charts at the bottom of this page. scroll down hit charts and then punch in APCO for 60 days.

and this company has great earnings.

the market makers like to take you down edge try and make you sell then it is off to the races again. i do not think they anticipated the support volume of bids that showed up at 3$ cause i think they would like the range of 2.50 to 4.25 for trading till next Q announces.


good luck here trading.

ar.
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