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Technology Stocks : American Power Conversion
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To: Scott Bergquist who wrote (2104)3/4/1999 1:21:00 AM
From: trilobyte  Read Replies (2) of 2574
 
what has happened to this stock is totally demoralizing.

Not an official whisper of bad news from the company and
the stock gets totally destroyed as if it was going bankrupt.
Actually, as recently as a few days ago the CEO was on
TV saying cute things. I guess his performance was not
very impressice!... Now APCC is sitting on eggs: if
it does preannounce a bad quarter, expect a thousand law
suits by disgruntled shareholders... just what we need.

Now I believe APCC is mainly held by institutions. Well,
as I have always thought, these guys just don't give a damn:
it's not their money. Just dump at any cost. It's the
theory of the greater fool... there will always be
someone else to sell lower and make the sale look good.
What a bunch of asses. But in the process, they're taking huge losses: this stock has retraced more than 1 year worth
of appreciation. No wonder they never outperform the index!
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