Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : APSG - Applied Signal -- Ignore unavailable to you. Want to Upgrade?

To: Greg Butcher who wrote (769)	5/1/1998 10:28:00 AM
From: Gregory DeMoully	Read Replies (1) \| Respond to of 884

I agree, support is not a "brick wall", and to go below support intraday for a short period would not have disturbed me. However, in this case yesterday's CLOSE below 12 was a very bad indicator. I am glad I got out. Short term, IMHO the stock has been severely damaged, and the smart money will just be using any good news to disguise their selling. Any "bad news" at this point would be devistating, and APSG could easily hit the single digits. Longer term APSG may prove to be quite a bargain at these prices for those of you who have more faith than me. Just depends on your time frame, and confidence in the APSG product and management. I guess I am just not familiar enough with the stock to ride this one out. By the way, I made quite a bit on APSG earlier in the year buying at 13 1/2 and selling at 16. This second time around my average cost was in the low $12. range. Just decided to cut my losses here. APSG is still a winner for me. I may be back after the current situation runs its course.