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Technology Stocks : American Power Conversion -- Ignore unavailable to you. Want to Upgrade?

To: allen r. who wrote (1989)4/2/1998 4:40:00 PM
From: Christopher Nicora  Read Replies (1) | Respond to of 2574
 
I haven't been able to agree with anyone more in awhile. I just sold APCC @ 30 as well. Higher levels are likely long term but I'd like to "keep my powder dry" for now. We're testing resistance and up @ the upper Bollinger Band...overbought territory.

I am definately not a trader but it's no sin to take profits. The market as a whole is a bit crazy right now. There's a lot of new $ coming in over the last 2-3 years. 40% of all mutual funds have started since 1995 (Consumer Reports March 1998).

FWIW



To: allen r. who wrote (1989)4/3/1998 12:24:00 PM
From: Tom Reck  Read Replies (1) | Respond to of 2574
 
Couldn't agree more with overall market assessment.

The only "wrinkle" is that all the fund money that has been going into "big cap" HAS to move down. APCC would be a prime candidate.

Still, there are other 2nd tier companies that, I believe, are priced better.


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