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Technology Stocks : American Power Conversion

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To: Turs who wrote (2095)	3/3/1999 3:47:00 PM
From: Paul M. Rengier	Read Replies (2) of 2574

Anyway folks, the chart now looks catastrophic! The 200 day MA is broken, momentum and RSI are down, the candlestick is extremely bearish (short term) and so on. Stochastic (weekly) is lower than ever. If stochastic turns, that would be a small buy signal. If you guys have guts, begin to buy now and average down later. But fasten your seat belts. A good entry would be selling the juli 30 puts naked @3 1/2. Did someone follow my advice to secure his profits in APCC by buying march 50 puts?? I didn't either. I got itchy fingers too. Paul

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