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To: Susan Saline who wrote (14246)5/11/1998 6:04:00 PM
From: DanZ  Read Replies (2) | Respond to of 53068
 
APM.

Sue,

I don't think APM is a good candidate to average down on at this time. Personally, I would give it some time to base and let it figure out where the bottom is. When a stock makes new lows day after day, there's no telling how far down it will go. My gut tells me that 7 1/2 is near the low at least until May options expire. Best of luck with APM, but I say good riddance to it.

The reason that I sold my APM on Friday is because it made a new low and I lost my patience with it. It doesn't matter if you make money in APM or XYZ so why hold it? The chart gives no reason to hold APM at this time. Sorry to be so negative on it, but if you are holding APM, it's not because of TA...you should either like the fundamentals or think they will somehow turn their business around. It's a nay for the fundamentals and a maybe for the turnaround. That's not convincing enough for me to hold it for a long term investment.

Dan