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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Albert Martin who wrote (1656)	3/11/1998 10:23:00 PM
From: Cary C	Respond to of 29382

Albert for long term investors APCO is as smooth as silk. I question how patient the short term investors will be when the earnings aren't reflective right away. I could see some possible downside pressure. Matter of fact I was betting my trading shares on it. I sold them at 10 looking to get back in around 9.25. I bought them back at 10.25. They were a small amount of what I owned and I do it for fun so it didn't hurt to bad. Especially since the stock is back at 10 7/8. I would feel a little better short term if the stock would take a little breather. I still don't see them earning more than .50 or so for the year. I suppose if they trade at a PE of 35 then $18 would be possible. I will be tickled pink if they are $15. Cary