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Advanced Photonix Inc. Message Board

  • juststeve55 juststeve55 Jul 13, 2007 11:20 AM Flag

    scared!

    I was on stockcharts looking an put in API it had a dip down to the .10cent area, scared the crap out of me. Must have been a mistake, in a quote.
    anyone else have that?

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    • Steve,

      Don't be alarmed. The stock price is basing, the stock is under accumulation. The strong hands (institutions) are trying to shake out the weak hands (public). Notice the long, flat line. The longer the line, the sharper the rise when it comes. (Ted Warren philosophy). Fundamentally, the company is doing well, as their HSOR sales were up 87% last year, still going strong, and their other products are improving as well. Not to forget they're controlling and cutting costs incurred as a result of their move from California to Michigan, financing, changing the product line, and doing state-of-the-art terrahertz research. Most don't expect a rise until the 3rd or 4th quarter of 2008. So we have to be patient. Feel fortunate, you got a great price, and only have to wait 6-9 months. I've been sitting on this stock for years.

      • 1 Reply to mrwrightaide
      • mr,
        I had API on my list to buy before i got in last week, i thought the contract will hasten the up turn. wiht out the contract I fugured it would take another month for the (my chart) to come into my buying area. I used to get tied up for months waiting what a pain and lost of time and capital. Since the market looks months in advance our time is getting close.
        be well
        s

 
API
0.400.00(0.00%)May 8 4:00 PMEDT