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: David W. Taylor who wrote (2538)	11/21/2002 5:29:13 PM
From: James W. Bradsh	Respond to of 2574

We are at that time of the year that normally has a positive tone, perhaps running through the first day or two of January. There will be a partial correction of the advance in time. If the economy is really on the mend, the coorection, when it happens, may be short-lived.

To: David W. Taylor who wrote (2538)	11/21/2002 6:16:10 PM
From: Paul M. Rengier	Read Replies (1) \| Respond to of 2574

There is no need to argue with the permabulls. I would like to join the bulls, but APCC is now overvalued and strongly overbought. The weekly chart stockcharts.com[w,a]waclyyay[pd20,2!b50][vc60][iUb14!Lh14,3]&pref=G shows unusual 7 full up-weeks without a breather. At least a technical correction is in the books. I´m thinking about taking a temporary short position @ 16.50$ tomorrow. Target 14$ . Seems too low? Yes, but this is only a 33% retrace. Target 12.83$ would be a 50% retrace, which is more appropriate after such an incredible run. Don´t forget: traders lock in their profits before the weekend. If you want to stay long, selling covered calls could be a good idea. The December 15 call should expire worthless and gives around 1.50$ premium.

To: David W. Taylor who wrote (2538)	11/22/2002 5:11:51 AM
From: Bernie Goldberg	Read Replies (1) \| Respond to of 2574

Hi, My first purchases of APCC were at $8.00 seven years ago. I later bought many more shares at $4.50. These are split adjusted prices. I have traded the stockcontinuoously for the last seven years and made lots of money. GE also raised its dividend yesterday. You didn't respond to my last post, but I will reiterate. I'm willing to bet APCC hits $17 before it hits.... Hmmm now what was it you said $9 or was it seven. Paul was kind of silent about his prediction that it would hit $5. He didn't actually say that, but when it hit $10 he said it would be cut in half. That was pretty bold don't you think? He didn't short it then. Perhaps he will short it when it hits $16.50. Bernie