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Non-Tech : APCO Automobile Protection Company
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To: Ken Reidy who wrote (3206)3/16/1999 3:36:00 PM
From: ChrisJP  Read Replies (1) of 3351
 
Hi Ken,

Days ? It's been happening for since the 1st week of Feb (or mid Jan if you want to count "normal" profit taking).

Some of the problem may also be margin calls. As peoples small cap stock portfolios decrease, they are force to sell, which lowers the price, which forces someone else to sell, which confirms the downtrend, etc., etc.

IMO its been 2 months since the selling started with 40+% retracements, we should be near the end. (i.e. time to buy IMO, but use your own judgement, cause I'm horrible at picking bottoms) Remember how everyone felt back in Aug/Sept when APCO bottomed at 6 ? Why should this be any different than back then ?

Good luck,
Chris
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