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: Bernie Goldberg who wrote (2551)	11/25/2002 4:54:45 AM
From: Paul M. Rengier	Read Replies (1) \| Respond to of 2574

Hi Bernie, thanks for the hint to AIM. I like the "Idiot Wave". We all still are searching for the silver bullet. The only things I regard as successfull is hard work, DD, interpretation of the charts, an appropriate risk management and keeping out emotions. If investing was easy, we would all be rich and would post our opinions from the board of our yachts (at least I would). APCC got a little bit ahead of itself and is now heading into a new 52-weeks high. Experience tells me, that it will take several tries to make it. Secondly the RSI of 78.6 and the stochastic tells me, that a correction is overdue after the fantastic run up. A short term play would be: Stop sell short APCC @ 16.50, target 13.80 (the November 7 low). Trailing stops @ 15, 14.5 and 14. Stop loss = 17.5. The alternative play: sell the Dec. 15 calls on your APCC holdings. Buy back @ 14.5. Or place a stop loss for your long positions @ 16 and buy back @ 14.5 and 14. Best regards Paul