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

To: strider who wrote (1698)	3/19/1998 8:35:00 PM
From: Jack Mills	Read Replies (1) \| Respond to of 3351

I agree with your views plus stocks don't go straight up or we all be rich. Jack

To: strider who wrote (1698)	3/19/1998 10:40:00 PM
From: Froman	Read Replies (3) \| Respond to of 3351

I guess what I was trying to say, without coming off as bearish, is that we may have finally hit a short term top. From a technical perspective, APCO closed lower than what it opened at and the volume was quite heavy yet it only touched the high very briefly this morning and hung around the low for most of the day. Yes, there was accumulation going but it wasn't the frenzied buying like we witnessed on Tuesday and Wednesday. I can't envision APCO dropping below $12 but it would be nice to see some consolidation, especially prior to earnings. To see it trade in the $12.50 - $12.75 range for a time would provide a nice base for the next leg up. My personal opinion is the market is now valuing APCO at a higher P/E so the days of the 25 - 30 P/E range are behind us and it looks like APCO will now trade between a P/E of 35 - 40. In any respect, this might be the rest that APCO was suppose to take 3 - 4 points ago. But then again, should APCO hit a P/E of 40, that would be $14 and that's less than a buck and a half away!! :-) Fro