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

To: Phillip Crone who wrote (1915)	1/6/1998 9:38:00 AM
From: Bob Hawk	Respond to of 2574

Phillip and all: any set date for release of 4h Q results for APCC? Bob in Vermont

To: Phillip Crone who wrote (1915)	1/7/1998 12:17:00 AM
From: Gil Gilbertson	Read Replies (1) \| Respond to of 2574

Phillip, I have been observing your commentary with great interest, I too bought my Apcc in the summer of 96 at 9.75 to 11.5. I plan on holding a long time as their market is excellent and their product is dominating the field. I believe they approach the quality of a Buffet type investment long term. I use a system of selling deep in the money calls when I feel that we are in for a major correction. I find this superior to an outright sale or the use of puts. At this moment I am long unprotected because I liked last weeks action. If the stock goes above 32 on a breakout , then hits major volume I will consider putting my saftey options in place until at least summer with a periodic review. As for your Japanese commentary, wouldn't a major defense of the yen at this time jeapordise sales of Japans export products at a time when they are not selling in Japan? As to the overall market, I have traded since 1955 and every Bull market I have seen ended with a running of the cats and dogs. This has not occurred yet, but may happen this year. I have never seen a major top when were up against a wall of worry as we are now. As they say , it might be different this time, but if I have to make a guess I would say we MIGHT have just made a left shoulder on a massive top and are heading up for the high spot . AND I MIGHT ADD... what the hell , Ive been wrong before... Gil Gilbertson