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Technology Stocks : Apple Inc.

AAPL 270.77

+0.3%

2:43 PM EST

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To: CJ.. who wrote (3978)	8/11/1997 5:43:00 PM
From: X-Ray Man	of 213184

CJ, I agree. Pattern looks like daily reduction $2+ with heavy trading at start and perhaps opportunity buying after low in the afternoon. Expect this trend through Thursday, testing $20 low before likely settling just above Thursday and Friday. Expect 25 and 22-1/2 puts to be in the money at the end of the week, with the 20 and below AUG puts expiring. After AUG option expiration, suspect will hover around $20, perhaps slow drift down, until news on clone or CEO, whether positive or negative. Positive could push up to $25 again, negative could even test $17 but would expect support there even on negatives until Q4 results are in. JMO

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