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Technology Stocks : Apple Inc.

AAPL 278.85

+0.5%

Nov 28 9:30 AM EST

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To: Bud Fox who wrote (8905)	2/27/1998 6:59:00 PM
From: Phillip C. Lee	Read Replies (2) of 213173

Bud, This week's technical parameters are even better than last week's, therefore, I am very bullish about its upwards move. Friday is a usual profit-taking day, but there is no such activity today except that there are about 300k traded in the first couple of hours by less-confidant individual investors. The big boys kicked in just like crazy for the rest of day. There have been 25k, and 50k traded on "bid" side more than 15 times in the afternoon with "ask" prices done the deals. Obviously, institutions continue accumulating the stock. The volume circulating in the market shrinks as shorts clean out their positions, hence, the current "available" volume is getting smaller, which will accelerate the price upswing with less volume in the coming weeks. Check the following site to review the technical analysis regarding Apple the coming Sunday: 207.53.33.62 My speculation: Apple will move up to near 25 next week if overall tech stocks have a relatively positive outlook. Phil

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