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Technology Stocks : Apple Inc.

AAPL 271.50

+2.0%

Nov 21 9:30 AM EST

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To: Gary Ku who wrote (7438)	1/7/1998 7:22:00 PM
From: Phillip C. Lee	Read Replies (1) of 213173

It was a very healthy market toady for Apple. The price was down 1+, and voulme was 9M+. Well, think of this way. Today's 9m+ shares have been changed hands from lower prices to higher prices for people who took profits, while a few shares might still bet on shorts, but very limited since Apple has shown its first profitable quarter since '96 if we count that particular quarter is "real", otherwise it will be the first time in black over more than two years. Excuse me for my over-optimistic estimates in my previous post due to too much excitment about Apple's turning around. Apple's significant net income is my first wish over other deals or news. Right now, I am not worried about any shorts volume since sooner or later they need to be covered, let me say about 3-6 months timeframe. Phil

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