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Technology Stocks : Apple Inc.

AAPL 267.46

-1.9%

3:59 PM EST

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To: Phillip C. Lee who wrote (7907)	1/21/1998 10:04:00 PM
From: Edward Boghosian	Read Replies (1) of 213173

Phil: Do you think Apple has done a good job of selling "Apple Quality?" That is one of the problems. In between messages, I was looking at charts. Last June-July and this December-January, Apple hit a low around $13. That seems to be a good support, for the present. Another good point is Apple went through the 200 day moving average and is now sitting on top of the line. There seems to be some reistance around $23. I think we will have to get some really good news for Apple to break through. I do not see $30 as quickly as you do but this is all pot luck. I have always felt( since '96) and still do that Apple is a good speculative buy. Ed

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