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

To: FIFO_kid2 who wrote (776)	5/7/1998 10:04:00 AM
From: Gregory DeMoully	Read Replies (1) \| Respond to of 884

JJB, I decided to bail on the APSG when it broke support last week. I have made all my money this year in VARL, owning at one time 13,000 shares. I am presently down to 3000 shares though. One stock I really like, which is currently my largest position is AFLX. You might want to check them out. AFLX is great on it's own, but also is an indirect play on the recovering disk drive market. I also own 500 shares of Blue Wave and 300 shares of ALDNF. As for APSG, I think the stock has been severely damaged and I don't think it will go above $14 any time soon. I think earnings will probably come in around 24 cents and there will be a little pop, but this will just be a disguise for the bigger players to save a little face and get out, and the stock will quickly be hammered back down to around $13. Longer term APSG may be a good investment, however, I just don't see the hurry to get back in at this time. P.S. You might want to start checking out the Yahoo boards, they seem a lot more active than SI. What is your Yahoo handle. Mine is demojep. Congrats on your new day job.