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Technology Stocks : Apple Inc.
AAPL 284.15-0.7%Dec 3 3:59 PM EST
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To: HerbVic who wrote (9135)3/5/1998 8:27:00 PM
From: Phillip C. Lee  Read Replies (1) of 213173
 
HerbVic,

There are two consecutive days in 24's with volume of over 6m each
day, which is a rare phemonenon and a significantly strong signal
of continuous rally. Can we break 24's and enter 25's tomorrow?
It depends on tomorrow's job numbers and unemployment rate as well as
overall tech market's reaction to Motorola's disappointed warning.
It's another day of consolidation for Apple's stock today, which
shaked out weak holders and injected new buyers. Based on the recent
stock prices record, there are 50/25 that Apple will either stay in
24's or break into 25's if the volume is high enough (e.g. >4m).
If we look from the volume alone, there has been about 12m or so
traded in 24's, which has enough momentum to boost another high.
However, the continuing bad news from seni-conductors companies causes
Apple to halt in 24's for a period of longer-than-expected time.
My guess in tomorrow's close price is: 50% in 24's, 25% in 25's and
25% in 23's.

Phil
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