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Technology Stocks : Apple Inc.

AAPL 259.48

+0.5%

Jan 30 9:30 AM EST

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To: HerbVic who wrote (13618)	5/14/1998 10:27:00 PM
From: Phillip C. Lee	Read Replies (3) of 213183

<<MY SPECULATION How long is not a problem. It should spring back next week with a vengeance. The opening Friday should see AAPL dive below 30 and try to catch hold at 29 3/8. This will fail but 28 3/4 will firm the bottom. After a wild and volatile day the stock will close at around 29 1/8.>> Your scenario seems pretty match MM's conspiracy theory. Their target is to kill not only May's calls at $30, but also with $27.5 calls. However, there is other force which may step in to take advantage of MM's intention by buying at low prices. Well, I still trust my observation: when the price was heading south with significant low volume, it clearly indicates the trend will reverse. Besides, the consistency of consecutive seven days above $30 makes the stock a lot tougher to break. We have never had seven days on the row with such scenario in almost a year if you look at its historical data. The phenomonen was amazing and the price really reflects its stability. My guess of tomorrow's close price would be $30.5. Phil

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