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Non-Tech : APCO Automobile Protection Company -- Ignore unavailable to you. Want to Upgrade?


To: james snover who wrote (700)1/10/1998 9:24:00 AM
From: Jack Markowitz  Read Replies (2) | Respond to of 3351
 
James,

The market is weak overall and being a thinly traded stock, APCO could be hit much harder than it has been. I would have preferred that it stayed up at the $7 level, but this drop isn't about fundamemtals, it is about the general flight from the market.

One of the worst things an investor can do is to buy a stock because of good solid reasoning and then sell it for an unrelated market move. I bought APCO becuase they have proven they can make more money quarter after quarter, because they made me believe they have a great plan to keep on doing that and that they have the ability to execute that plan.

None of the above has changed. I wouldn't advise selling. As a matter of fact, as you might have gathered from both my posts here and my daily email, I am adding to my position. In my opinion, buying in the sixes now will make you look like a genius in the near future.

Hang in there, APCO is one of the most solid performers I know. This market weakness may hurt it some, but it won't put it down for the long run.

See ya,
Jack
jack@jackm.com
jackm.com
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