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Technology Stocks : APSG - Applied Signal -- Ignore unavailable to you. Want to Upgrade?

To: Dale J. Wood who wrote (533)	10/23/1997 2:34:00 PM
From: Tom Allinder	Read Replies (2) \| Respond to of 884

Dale, APSG is still well above support level on lower trendline. It is fine all the way down to 10 to 10 1/2 maybe even less. Look at a chart and you will see some MM games in there too. This is going to be a great buying opportunity IF: 1. Dow/NASDAQ can hold at 50 day mov avg support, at this time both are near it. 2. If markets can't recover inside 50 day ma support we could head down to 200 day ma. Then of course, all bets are off on APSG. 3. This stock is basing normally, I am not alarmed at all. Nobody is buying today for obvious reasons. And most importantly the price drop is on BELOW AVERAGE VOLUME. 4. If APSG closes below 9 5/8 sometime during next several days I would be genuinely worried. :) Tom