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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (8658)	12/1/1997 11:37:00 PM
From: Amigo Mike	Read Replies (2) \| Respond to of 79313

For those suffering with some losses from recent POWs, a suggestion: Cut your losses and let your winners run. APCO, a previous POW pick broke out today on 4x normal volume. Look at the APCO chart and the technicals and you will see that this stock is stable and going places. Visit the APCO thread and read about the company. I can't even find any skeletons in the closet on this one. Some here have been down about loosing cash in some of the POWs. Patience is key. Also knowing when to cut and run is essential. I suggest that those that may be underwater with some of the POWs cut some of their loss and look at APCO. APCO is a winner and most following the stock think it will move to at least $8.50 short term. This looks like a chance to recover some cash. Cary says news is forthcoming. The news ought to be very good for the stock. Realize also that APCO is ranked #1 in its industry yet trades at a multiple of only 18x this years expected earnings. Industry average is near 30x earnings which would put APCO around $9.50. IMO APCO is an opportunity for some to recover some losses rather risk free. I am not implying that APCO can't go down. I am pointing out that APCO is undervalued and everything points higher. Opportunity knocks but so often ..... those that seize the moment succeed. Mike