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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: ElGator who wrote (5856)	4/7/1998 9:48:00 PM
From: LzzrdKing	Read Replies (1) \| Respond to of 7396

<<Your hypothesis regarding the recent drop of APSG appears to be correct. I spoke with the company this afternoon and was told that it is their understanding a mutual fund has been liquidating a position; and that is all. There is no news, there are no problems, none are anticipated and company remains strong. Earnings should be released mid May. I enjoy lurking on your thread and have sincerely appreciated your comments>> Just to let you know a bit more about why I thot it was a fund liquidating, I have seen big blocks after the close the past few days. This can mean one of two things. Either Robet Butkus is selling his position, or a fund is liquidating. Since Robet isn't in this stock, it must be a fund. This stock has looked horrible after earnings releases many times. Each time has been a buying oppy. This time I think so also, but I don't want to buy on the way down. When it starts moving up, you will know the seller is gone. I think that may be tomorrow. We shall see.

To: ElGator who wrote (5856)	4/8/1998 1:59:00 AM
From: Carl Worth	Read Replies (1) \| Respond to of 7396

If anyone finds out which fund is liquidating APSG, please post the info here, as whoever runs that fund doesn't seem to have much savvy, judging by the way they are selling their position. Instead of selling a few thousand shares at a time, they are hitting the market with blocks each day and scaring everyone else out of the stock, dropping the price further, thus netting themselves less for the remainder of their shares. This would certainly not be a fund I'd want to own. I don't own APSG, so I have no axe to grind. In fact, their action might help me get some shares at a decent cost if the stock can hold up and bounce. Of course, there is always the chance that the fund story is untrue, and the stock is falling because someone knows something, hopefully that is not the case. Carl