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Technology Stocks : American Power Conversion

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To: Whys1 who wrote (2173)	4/22/1999 6:51:00 PM
From: Mike Farrar	Read Replies (1) of 2574

APCC has been an unwitting victim of short sellers, since the problems ( rumours ) about slowing PC sales and CPQ's late warning about earnings shortfalls. APCC has been hit hard by the shorts in the last 2-3 weeks and will probably get a huge rush of short covering in the morning, and hopefully some upgrades or new coverage. Company is also comfortable with 1999 estimates and .41 a share estimates for next quarter. Shorts will be tossing and turning all night long, wondering how high APCC will gap up in the morning. I see APCC opening up in the low to mid 32 range. Good luck to all longs.

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