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Alpha Pro Tech Ltd. Message Board

  • sircoggs sircoggs Apr 11, 2003 4:13 PM Flag

    Decent Close

    Unlike yesterday, when we down trended into the close. Today, we bounced off the lows of the day and continued rising into close. Would appear bullish, but not certain.....comments are welcome.

    Seems like we have some support near the 1.70 level. What I do like is that we don't have a gap to feel from the days when vol came into the stock. With that said, however I do think we are a little oversold, so APT needs to consolidate here and build cause for next leg up. Notice the drop in vol......sellers they MM could not slam this stock how APT acted today....thoughts

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    • There is support at 1.75. Path of least resistance is up. Building a pretty good base here. Give it a couple days to build up pressure and it will rocket once it crosses 2.10. From there, there is no resistance at all. No telling how far it'll run.

      There is no doubt that APT has the real earnings to support a much higher price. If you want to speculate about the ongoing sars windfall, you could realistically price the stock in the $10 - $15 range.

      • 1 Reply to sol_s_99
      • Im sorry for so many posts but i am enamered by the news that keeps popping up. Just went back and looked up sars again.there is like five new articles since last checking. Three schools closed down in Toronto! Case suspected in broward,Fl. Six possible cases in London this is beyond belief.I never considered myself being a hypochondriac but where is my mask, I want to go out and have a cocktail!

    • Yes i agree Looks like support about 1.7 will double my position if it retreats however i dont think it will retest, to many positives. I will probably add to my position on the way up.5600 shares currently.Best of luck and have a nice weekend.

      • 1 Reply to skirschwing
      • Well because it trades so thin, I think you could get a retest of 1.70, however, I do agree the probability is very low but could definitely hit 1.75 or so. You don't want to know how many shares I am holding.....I think long term (for me 1-2 months), this company will do just fine. I also feel another PR is coming maybe even a PR mentioned APT and its affilation to the SARS epedemic....I almost feel, a PR from another source is even better, because that means, the street will then take notice vs APT tooting its own horn.....similar to the PR story that mentions 3M......

2.09+0.10(+5.03%)May 5 4:00 PMEDT