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To: Turs who wrote (2095)3/3/1999 3:47:00 PM
From: The Ox  Respond to of 2574
 
Hi Turs,
I added some at 29 1/16 and I concur with your assessment. Tough to buy in this market with the NASDAQ and NYSE needing a 15% correction, IMO. I will load up more APCC if we find our way into the 24 area. I don't expect to get there but you never know.

Good luck,
Michael



To: Turs who wrote (2095)3/3/1999 3:47:00 PM
From: Paul M. Rengier  Read Replies (2) | Respond to of 2574
 
Anyway folks, the chart now looks catastrophic! The 200 day MA is broken, momentum and RSI are down, the candlestick is extremely bearish (short term) and so on. Stochastic (weekly) is lower than ever. If stochastic turns, that would be a small buy signal. If you guys have guts, begin to buy now and average down later. But fasten your seat belts. A good entry would be selling the juli 30 puts naked @3 1/2.

Did someone follow my advice to secure his profits in APCC by buying march 50 puts?? I didn't either.

I got itchy fingers too.

Paul