Apple Computer (AAPL): Analysis and Forecasting Message Board

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

AAPL 259.35

+0.1%

Jan 9 9:30 AM EST

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To: Moominoid who wrote (375)	8/4/1998 11:38:00 AM
From: Andrew Danielson	of 692

<<Why? It's been to 36 and back this morning in 10 minutes.>> Based on strength in the computer sector yesterday and the overall market strength going into the open, a gap looked like a lock. I was right, and it gapped open at 35 1/2. However, I didn't count on the market turning yet another about-face. Even though Apple's getting carried down with it, I'm actually in favor of the market going down a bit right now. As others have stated, I want to see a wash out of selling pressure so we can get back to a bit of normalcy. I will predict, however, that those looking for a crash will be disappointed. I agree with thestreet.com's James Cramer who states that we're simply in a trading range right now, heading to the lower end of it. Andrew

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