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


To: Chris who wrote (1651)3/18/1998 11:21:00 AM
From: Magnatizer  Read Replies (2) | Respond to of 3351
 
Chris

just put this on APCO thread

To: cjp0531 (1649 )
From: David J Wednesday, Mar 18 1998 11:11AM EST
Reply # of 1652

Chris

FWIW the IL target for today on APCO is 12.56. I would, however, note that APCO has been using the IL as resistance for only short periods of time before overtaking it. As you may well know this is very unusual but then again APCO is proving that it has tremendous momentum. As my trading shares will attest APCO is beating the dickens out of TA. It will have to come to an end some day but right now the freight train is running on nitro.

BTW the IL has been confirmed by Doug.

happy trades
David

I would not extend my position at the current level either. That said I have to admit that APCO has continued to defy my TA skills. I hear there is news coming out soon. Not sure what but it seems that any news lately gives APCO another couple of degrees vertical on the chart. Glad to still be in my investing shares and will watch for weakness because, as you note, there is no technical floor under APCO right now. The best I could find is the IHS breakout trendline from the end of November 96 to Feb 98. There is also a trendline starting the end of Feb but it is very steep.