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Technology Stocks : Apple Inc.
AAPL 270.98-0.3%Jan 2 3:59 PM EST

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To: Mark Palmberg who wrote (16341)8/7/1998 11:38:00 AM
From: Richard Habib  Read Replies (1) of 213177
 
Here's an article from the options desk yesterday:

- Apple Computer Inc.'s short interest is eight times average daily stock volume and options activity is quiet, but an analysis of open interest in the computer maker's puts and calls suggests the stock could rally, according to Schaeffer's Research Inc.'s quantitative analysis department.
Apple's put-to-call ratio is at the highest level in the past year. From a contrarian perspective, when bearish sentiment on Apple reaches the current level, the stock historically performed four times better than its average over the following 25 trading days, the options-trading advisory service.
-Steven M. Sears; 201-938-5355

"Dow Jones News Service"
"Copyright(c) 1998, Dow Jones & Company, Inc."

Rich
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