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

To: Neal Glunn who wrote (2056)	4/29/1998 6:04:00 PM
From: BRIAN	Respond to of 3351

Neal, I was thinking the exact same thing the day after earnings were released in February. The next day ( Friday Feb. 6 ), I sold and broke even. Take a look at the 3 month chart starting on the next trading day Monday Feb. 9th. I am no expert, but I do pick up a lesson or two along the way. If you believe in a company, give it time. I wish someone had told me that last February. Good Luck, Brian

To: Neal Glunn who wrote (2056)	4/29/1998 6:06:00 PM
From: Sergio H	Respond to of 3351

Neal and thread. The stock is priced at a PE in the 30s. Taking the last 4 quaters into concideration would indicate that APCO is fairly priced. Institutional investors are looking over the projected growth for APCO and perhaps revising their numbers. Next quarters earnings are expected to be the same number as was reported yesterday, so it would seem very likely that numbers need to be revised, specially when concidering that the period just reported is usually the weakest quarter. Hold on to your hats if any new analyst(s) offers coverage. New coverage would most likely come out within the next week or so, or just prior to the next earnings release. Sergio

To: Neal Glunn who wrote (2056)	4/29/1998 6:52:00 PM
From: Froman	Read Replies (1) \| Respond to of 3351

Well, historically speaking APCO was never a stock that took off on earnings announcements. Usually it would sell off on earnings announcement but yesterday it went up 1 1/16 so it did buck that characteristic. I think overall market conditions have people on their toes and some people like to go cash when the market gets a little uncertain. All the guest analysts on CNBC lately all are talking about the rest the market needs. But back to your observation, APCO is a stock that requires patience. It takes a little time after earnings for the price to adjust relative to the new earnings. Just when you least expect it, it'll be off and running. Good luck! Fro

To: Neal Glunn who wrote (2056)	4/30/1998 12:01:00 AM
From: Robert Bushmiaer	Read Replies (1) \| Respond to of 3351

Neal APCO looks fine both from an FA and TA viewpoint. Technically todays pullback appears normal, especially in this market. There has been some divergence between price and technicals since late March, this divergence continues but now with technicals starting to trend up with price declining/consolidating. Looking at APCO using "GET" it appears further downside is likely, maybe high $12's then a strong move up. APCO has been a strong run, great earnings or not all good stocks have to rest and re-test support in order to move higher. Just my opinion, but I'm hanging on until the price breaks support in the $12.75 area. Good trading to all.