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Saturday, May 19, 2007

In Retrospect: APXB, APC

APXB

This stock has started retracing its upward move last 2 trading days. Currently at 6.60, price can still move to as low as 6.30 before continuing the move up. The target price is still not reached.

APC

Momentum was strong in this stock that it did not retrace its movement. It continued to as high as 0.97. Target price of 1.10 is still not reached. But with the current high, it has formed the right hand part of another possible rounding bottom with a target price of 1.80. Currently, price may correct this week to as low as 0.81.

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