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

To: Cary C who wrote (12146)	2/9/1998 11:37:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 79281

Cary, APCO was set in motion today by an 80k buy. After that order was filled, the stock was off to the races. It is undervalued in relationship to its average PE and has 25% upside to make up from here. The 80k buy was filled at the high of the day at the time the order took. It was probably an institution buying and it demonstrates the confidence that the buyer has in this stock. Sergio

To: Cary C who wrote (12146)	2/10/1998 3:33:00 AM
From: Doug R	Read Replies (2) \| Respond to of 79281

Cary, The world of the IL is nothing like that which anyone in the TA business is familiar with (although one technique called "Andrew's Pitchfork" is generally related but not nearly as exact). I can tell you that it is early in the IL/ACT dynamic for APCO. At this point (as with TXCC) it is entirely acceptable for a holder of the stock in question to pay no heed to the IL. RADAF hit and exceeded the IL twice in its early stage. The first time was at $5. Of course, trading in and out would have been more profitable than holding during that period but there's no real need to be ultra fanatical about snatching every last trading penny in such a stock. The salient aspect about APCO's IL/ACT is that the ACT is currently steeper than the IL. That calls for a realignment of the ACT to be as steep or somewhat less steep than the IL. Therefore, the IL will most likely be reached again at a later date (after the ACT decelerates of course) at a much higher price. This analysis would call for the hard and fast, long-term holder of APCO to aspire toward accumulating on any "scary" dip. After all, when things look scary and (fundamentally) you know there is nothing to be scared of...buy more. Doug R