APPLE (AAPL) SHORT ???? Message Board

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Strategies & Market Trends : APPLE (AAPL) SHORT ????

AAPL 269.03

+0.1%

Oct 28 3:59 PM EDT

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To: paul kneitz who wrote (1)	8/11/1997 3:07:00 AM
From: John Oldshue	of 18

Hey Paul, I'm no expert here, just a lowly MBA student wannabe, but my basic FI 504 finance course taught me that any stock that had traded up 50% (19-30) in just a few days, and had large losses like Apple would be "overvalued".....they might get things going or maybe not, but that would still be 12-18 months down the road.....my guess is stock will trade down to 23-25 range here shortly and drift until they announce the CEO, at that point it might test 30 again and then go to the lower 20's again as investors regain their senses and notice they have invested in a company that has been bleeding red ink for as long as I can remember, bottom line is they have about a 3% market share and I can not remember the last time I have seen anything Apple related in a normal setting (home or business).....anyway just my thoughts and remeber I am short so I have a tainted opinion.....love to hear what a long has to say and why the recent move was warranted....they might pull it out, but will be a while...and when they finally have earnings of $1.50 per share they might be worth $30....but not on earnings of -2.00 or more (last 12 months) John Oldshue

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