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Microcap & Penny Stocks : AppNet Systems, Inc. (APNT) -- Ignore unavailable to you. Want to Upgrade?

To: Still Rolling who wrote (171)12/15/1999 3:12:00 PM
From: Mark T. Heath  Respond to of 232
 
I nibbled on some more this morning, but now I'm in the hole on those shares since the selloff has continued. Most stocks rebounded at midday, but APNT didn't. Now looking at the chart, I can see some downside risk to the mid $30 range. I hope I'm wrong and that today is a typical .com head fake. No bad news out today, but the volume is strong and makes me worry some. It's cold outside, but I'm sweating.......



To: Still Rolling who wrote (171)12/15/1999 3:27:00 PM
From: Mark T. Heath  Read Replies (1) | Respond to of 232
 
Snagged some more at $40 9/16. For whatever reason, APNT isn't rallying with some other e-commerce and internet based stocks this afternoon. I just looked at the options and there is no value in the December calls since they are on the verge of expiration and the January calls still have a good premium on them to me. This is a good sign to me that the drop may not last long.


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