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Strategies & Market Trends : Three Amigos Stock Thread

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To: Amigo Mike who wrote (8646)	9/10/1998 7:59:00 PM
From: Cary C	Read Replies (1) of 29382

ola amigo, APCO was very interesting today indeed. nothing but buying through most of the day. If not for current market conditions, I think it would have broken through and stayed above the downtrend line today. I hope we can stabilize a little bit. No matter how fundamentally sound a stock is right now, it is hard to justify buying something other than to day trade right now. I know institutions don't necessarily look at it that way but they also don't buy at higher prices if they are pretty sure they can get it at a lower price either. Another interesting thing to watch will be how APCO handles the upcoming options expiration. If memory serves me correctly, I believe each of the last 3 expiration dates they have been at or close to the lower one than the previous one? Cary

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