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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Amigo Mike who wrote (8200)	8/30/1998 11:21:00 AM
From: JoeinIowa	Respond to of 29382

Amigo Mike, Thanks for the posting on APCO. I am looking for stocks to start announcing some buybacks to give investors some confidence in their stocks. Might be a bigger psychological boost than financial. I've followed APCO about 6 months. Saw it at 12 and thought what a great company. With the way it is going it won't be coming down soon. Nothing changed with the company but we all know the market has changed its face. I'm rethinking my whole market worth. It used to be that a good growth company with consistent growth could sport a PE of 20. Not anymore. Now for me it seems that its stocks that outperform expectations can expect higher PEs. Making estimates keep the stock from falling. I like APCO. Looking at the calls. Someone dabbling in the April 10's last friday. Waiting to see how the market opens on Monday. If it starts to fall it could be a long(shorts) day. I liked the Jan 7.5s @1. At least that was my target early last week. Jose