- First wave: 8 to 16. We can see how strong AA was to make +100% gains in about 10 months
Second wave: 16 to 24. It took another 10 months for +50% gains
Third wave: 24 to 31. APA made another +30% in two months
Fourth wave: 31 to 44. The highest gains could be +42% in 3 months
Although we did not participate in the entire rally from the bottom 8 or waves 1-3, we caught wave 4 with +26% gains in 2.5 months.
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