Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : American Power Conversion -- Ignore unavailable to you. Want to Upgrade?

To: P314159d who wrote (2332)	4/5/2000 11:48:00 AM
From: Paul M. Rengier	Read Replies (1) \| Respond to of 2574

>>Market can correct to 3800 and I won't see much less than what-- 37 on APCC? Visionary, but to shy. The market will do that again in the next couple of weeks. From my posts on ragingbull.com: A quick glance on the chart shows a major support @ 35$. We seem to reach this mark in the next 3 days, if not today. I am inclined to buy some 35 april or may calls, because the fast movement down suggests that a technical reaction follows. short term target is 39.5. For the long term holder an insurance against a break of the 35$ support (may 35 puts) could prove as a prudent move. Iïm beating myself for not securing my profits with a apr. 40 puts for 1.5$ on monday. Anyway I dumped 500 shares @ 42.75. I will buy back @ 35. These wild swings show that APCC is bound for a correction. Neither the APCC bulls nor the bears are sure about the future valuation of the company. Is it a steady growing commodity company, whose P/E is more in line with their growth rate, or is it an internet infrastructure provider, that deserves a higher multiple. As long term bull (long since 1996), I was surprised to see multiples of 40. Happy investing Paul