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Non-Tech : APCO Automobile Protection Company

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To: Bruce Russell who wrote (2344)7/24/1998 9:16:00 PM
From: Robert DeHaven  Read Replies (2) of 3351
 
A little bird told me.... one who is pretty dependable....also from 20 years of trading I have watched this happen before. The Instinet and Bloomberg offers recently just drove this puppy down, down down, someone needs to get out and has been selling consistently for the past five days...put 2 and 2 together....my bird sounds plausible.

IO like the fact that 4k 5k 2500 share blocks have been going out at the ask though....buyers are stepping up....without them this stock might be $5 right now. I estimate 300,000 shares have been sold off the fpast 5 trading days...I believe we are nearing the end ....but not certain.

Also, there isn't a more safe stock out there at this time....forget the drop in price its exactly as I said the dealers are dropping out because they know this guy has to sell.....He'll finish and back up we'll go///APCO is on sale at discounted prices now we should take advantage before the sale is over....

good luck,

bob
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