APCO Automobile Protection Company Message Board

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Non-Tech : APCO Automobile Protection Company

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To: DRL who wrote (3060)	1/20/1999 4:20:00 PM
From: Manny Gugliuzza	Read Replies (1) of 3351

Without taking a test of the all times highs as a fore gone conclusion, this well defined stairstep rise has good support at different levels. This compared to the previous rise should be more sustainable as well it is a reversal nearly identical to what the decline was up 3 now and then down 1. So barring a rush to test those highs, which could be met with a strong correction(unless they are from some phenomenal news release) ie. Honda, the chances of testing the new highs are excellent and with the formations that we are approaching it from should continue. PLUS if your watching the PE multiples we are staying in line. Earnings have been backing up this drive without frothing it above the industry level like before. I think I will stick around a little longer too at least till the froth starts again. good luck ar.

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