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


To: Phil Jacobson who wrote (1457)3/7/1998 8:07:00 AM
From: Albert Martin  Read Replies (1) | Respond to of 3351
 
Well said Phil. The Invesor's own comments last week have hanged himself this week. Its obvious he is trying to drive the price down to scoop up more shares. Tactics like this are very common on forums such as SI. I never criticize anyone for taking a profit. Each of us has different investment philosophies. By nature, I am a trader but there are stocks I plan to hold such as APCO and SNV. I remember a friend of mine suggesting SNV years ago, I bought and sold it a couple of times making a VERY profit. We invested basically the same amounts.
His pot is now worth somewhere around $800K!!!! So, his philosophy was better because SNV was growing and expanding with outstanding fundamentals (still is!!).

I think we will see $12 by summer. Just my opinion.
Albert



To: Phil Jacobson who wrote (1457)3/7/1998 1:09:00 PM
From: TheInvestor  Read Replies (3) | Respond to of 3351
 
PHil:

Your comment:

"Every year people wish they bought CSCO, MSFT, DELL, and AOL the year before, or didn't sell early. Every year people wish they had dumped their NOVL position a year earlier. Track record matters."

APCO IS NO CSCO, MSFT, or DELL and can never be. The the business they
are in has a saturation point. It cannot reach the levels of MSFT, CSCO, and DELL. In order to do that they must be the leader in a new
and hot industry and I hardly call used car automobile coverage plans
a hot up and coming industry. By the way I now own, CSCO, and MSFT, and was in DELL last year. So as far as track record goes, I did pretty well for myself this past year. Did you??? Down the road I know
that I am right. You can dilude yourself with self glory on APCO but
there will come a moment when reality will seep in and you will do what I have done. So get off your hype train, and be real. You got profits, enjoy them while they are still here. If not, someone else
will take them away from you and all the other fools believing in the
tooth fairy.

By the way the reason APCO is less than $10 is because a lot of people
only thought it is worth that, It is not a $60, $80, or $130 stock like CSCO, MSFT, or DELL. So what are you comparing the street peasant to the king and Queen.

Your move,
TI