Apple Computer (AAPL): Analysis and Forecasting Message Board

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Technology Stocks : Apple Computer (AAPL): Analysis and Forecasting

AAPL 267.26

-1.4%

3:59 PM EST

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To: RX4PROFIT who wrote (312)	7/27/1998 3:40:00 PM
From: Marc Newman	Read Replies (1) of 692

Thanks, Dennis. Selling AAPL and buying THQI was definitely the right move at the time. AAPL went down two and THQI went up six. However, I didn't grab all the THQI profit because the quarterly report was mildly disappointing (if a 95% earnings surprise and 3-2 split can be considered disappointing) and the stock sold off quickly. Currently we are being paid for our stomach, not our brains, with Apple. This decline isn't any fun, but is a chance for some to replenish. I'm mostly in at $35 but managed to buy a bit today at $33 5/8. I don't think there's much NASDAQ downside left, for now, though the three weeks until the iMac launch is an eternity in stock market time. Apple should post a fine earnings result for the quarter. Desktop G3 sales will be down but PBs, AIOs, and iMac sales will be excellent. Best, Marc

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