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Technology Stocks : Apple Computer (AAPL): Analysis and Forecasting
AAPL 260.36-0.7%Jan 7 3:59 PM EST

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To: RX4PROFIT who wrote (368)8/4/1998 12:02:00 AM
From: Zen Dollar Round   of 692
 
Marc: I emptied my last bottle of Maalox and traded my last shares of AAPL today at $35 (32% ROI in 4 months) and sitting on the fence with a portfolio 100% in cash. I'm anxious to reinvest in AAPL when the market settles, hopefully in September or before.

September is likely the month that we'll see the Big Kahuna -- a market crash on the order of 1987 magnitude. It'll be a real butt-kicker, and I'd say you're smart to get into all cash at this time. It's long overdue, and I'm getting a little more nervous every day reading the market technicals that others watch.

Personally, I'm hoping to squeeze a bit more out of my AAPL options for the iMac launch and attendant news, but that's all I'm invested in right now. I'll be in all cash by September 1st myself.

If nothing big happens by mid-November, but we have a slow decline instead or the technicals improve, it'll probably be safe to jump back in at that point.
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