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Technology Stocks : Apple Inc.
AAPL 278.79-0.7%Dec 5 9:30 AM EST
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To: Phillip C. Lee who wrote (8945)3/1/1998 5:37:00 PM
From: Alomex  Read Replies (1) of 213173
 
you always advise us to wait until pullback since the
price was around 15's...don't bring your pessimistic views to others.

Iadvised to wait for a pullback since the price was at $33 all the way to $15 (it went as low as $13). It would have paid you handsomely to listen to my "pessimistic views".

Plus in the post you refer to I wrote:

waitfor a pullback or at least some eveidence that the current price will hold.

I think I could make a very strong case that we are witnessing a short squeeze. The company has recovered quite a bit and shorters are covering, causing a spike that might go all the way to $30. Once the short position better reflects Apple's improved cojndition, the stock price may retrench to the low $20's.

After all, this is not the first time Apple has spiked up, just to go down significantly afterwards (have a look at the chart).

I keep thinking what motivation makes you so jealous about Apple's bullish.

Don't be confused. I'm upset you conned people like Ken into buying this stock with spurious comparisons with Dell and Gateway. There is nothing even remotely related to jealousy there.

There might be good reasons to buy Apple now (I for one do no longer recommend it as a short), but idiotic comparisons to Dell is not one.
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