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Non-Tech : APCO Automobile Protection Company
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To: TMCMin who wrote (3174)2/19/1999 11:00:00 AM
From: Phil Jacobson  Read Replies (1) of 3351
 
I agree with your assessment that substantial increases in revenue from the new alliances are needed to support the stock price. But I didn't think that the market was expecting those results now. So I'm still confused on why the stock is sliding so bad. The TA guys keep calling for 11, then 10, now 9. When it hits 9 they'll call for 8. We saw this last year...don't mean to pick on them but at times it looks like all they're doing is predicting that a car going at 60 MPH will be one mile down the road in one minute.

Re: the article on Honda, this was not applicable to APCO. The "recession" referred to is in Japan, and even if production is down and they're transfering cars to the US, sales in the US are what drives APCO numbers.

Phil
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