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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (322)	6/5/1999 9:46:00 PM
From: Sergio H	Respond to of 1316

APOG Doug, a few observations on your selection. APOG is undergoing reorganization and a change in their business plan in an effort to improve bottom line margin. Overview, from the 10k: sec.yahoo.com <In fiscal 1999, Apogee continued its focus on Company-wide efforts to improve margins, productivity, working capital usage and capital allocation. The two most significant outcomes of these initiatives in fiscal 1999 were the substantial capacity expansion of the Company's Glass Technologies' operations and the divestitures of two of Apogee's business units: detention/security systems contracting and domestic curtainwall. Combined with Apogee's prior year decision to exit its international curtainwall operations, the sale of its detention/security and domestic curtainwall businesses effectively removes the Company from large-scale construction activities. Accordingly, the detention/security and curtainwall contracting businesses are reported as discontinued operations. In connection therewith, Apogee modified its business segment structure, with the Company now operating as two segments - Glass Technologies and Glass Services. > On April 14th Piper Jaffray set a $25 year end price target. The decreasing short position is very interesting. There's been a 15% decrease or more for at least 6 consecutive months. Interesting? viwes.com 1 Year Short Position Summary Month ShortInterest Pct. Chng Avg. Volume Days to Cover Apr 99 94,428 -26 91,339 2 Mar 99 127,667 -25 98,039 2 Feb 99 170,125 -28 77,885 3 Jan 99 234,773 -15 147,127 2 Dec 98 275,239 -53 82,737 4 Nov 98 589,305 -9 51,696 12 Oct 98 644,123 +11 55,856 12 Sep 98 577,759 -9 73,866 8 Aug 98 633,187 -8 67,367 10 Jul 98 691,651 -7 68,276 11 Jun 98 740,943 +7 67,527 11 May 98 690,829 -25 103,077 7 Also interesting action in the options. The Nov. 12 1/2 Puts have the largest open interest. Maybe it's the same shorters and the position has been shrinking. Don't know. We'll throw in the 1.7% yield on dividend if you are long when the dividend is paid out :-) AS