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Technology Stocks : American Power Conversion -- Ignore unavailable to you. Want to Upgrade?


To: gizelle otero who wrote (2124)4/1/1999 12:11:00 AM
From: The Ox  Read Replies (1) | Respond to of 2574
 
I too have added recently and I'm not worried at all. By next earnings release, this stock will be hot again.

Short term TA aside, anyone buying today will be rewarded, IMO.

Michael



To: gizelle otero who wrote (2124)4/1/1999 8:17:00 PM
From: Turs  Read Replies (1) | Respond to of 2574
 
While I wish you luck in making money with those calls, I do not believe you locked yourself up a fortune by any means. In order to just break even, the stock has to be trading at $35+$3.50=$38.50 in September. That would be a forward P/E of 17 (based on forward 12 months EPS of $2.25). It could certainly trade at 20X or even slightly higher. But it could also easily trade for 16-18X and has numerous times in the past. So, I doubt you'll more than double your investment.

BTW, are you saying you purchased over $50,000 of a depreciating asset (calls lose time premium)?