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


To: Phil Jacobson who wrote (2235)6/20/1998 10:15:00 AM
From: Magnatizer  Read Replies (1) | Respond to of 3351
 
Phil

I agree with your thoughts on the long term uptrend line. It correlates nearly perfectly with the magnets I have in the 9s. With magnets the stock will generally sink below the magnets while it is doing its testing of them. This is why I am saying I will buy on dips below 9.25.

As far as a 2-3 month projections go I don't think anyone can give a specific number. One week is possible, One year is possible but 2-3 months have way too many outside variables coming into play. I would imagine that APCO will be higher than it is currently in 3 months but I would hesitate on giving a figure.

Another thing to consider regarding APCOs recent weakness is the option expiration. It is possible that this was the cause of the weakness. I would give it a 25% chance of being the reason. If this is the case we will know next week.

ht
david



To: Phil Jacobson who wrote (2235)6/20/1998 12:00:00 PM
From: Sergio H  Read Replies (2) | Respond to of 3351
 
Phil, I think that APCO has held up very well when you factor in the general market trend. Small caps have been out of favor most of the year. Mutual funds have been selling these stocks and insiders have been selling. APCO has withstood the pressure conciderably better than other small caps.

For comparison purposes, take a look at the list on the following URL - Yahoo info for small cap stocks that have phenomenal annual growth rates, at least 30%, with prices between $5 and $10 and PEs under 35. When you look at the charts, I think that you'll agree with me that APCO's stock price is holding up quite well.

quote.yahoo.com

Sergio