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Technology Stocks : Apple Inc.

AAPL 261.44

-0.3%

3:13 PM EST

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To: Moominoid who wrote (13635)	5/15/1998 10:37:00 AM
From: Phillip C. Lee	Read Replies (1) of 213181

<<I predict a return to $28.50 before we see another major upward movement.>> Well, any scenario is possible. Your scenario is your wish without any evdience. I think it will stay within a narrow range for a while before any big upward move. With conventional data, such as PE, SE, etc., Apple is undervalued. With the volume of short holdings, Apple is still a very speculative stock. You have mentioned Apple's reasonable price should be near $38, which I agree. Analysts will sooner or later recognize Apple's future earning power as well as the high probability of growing revenues. Wait until more good news comes in within a couple of months to see if the price could reach up to $45. Phil

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