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Technology Stocks : Apple Inc.

AAPL 278.37

+0.1%

Dec 12 3:59 PM EST

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To: GS_Wall Street who wrote (11129)	4/13/1998 9:48:00 PM
From: Phillip C. Lee	of 213176

Todays action in Apple was very positive, light selling in the morning and heavy buying late in the day. Apple is moving in sync with the general indexes at the moment. Positive Earnings will provide a 1-2 point bump and continuation of movement with indexes. The price will continue to surge tomorrow and the day after due to the speculation prior to the announcement of Q2 results. The volume will be increased and some of shorts will cover back. I expect it will climb back to $27.5 - $28 before announcement if the volume is greater than 3.5m shares. Phil

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