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Technology Stocks : Apple Inc.
AAPL 284.15-0.7%3:59 PM EST
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To: J R KARY who wrote (9185)3/8/1998 12:26:00 AM
From: Phillip C. Lee  Read Replies (2) of 213173
 
Jim,

DigiTek reseller's words make me excited. I wonder if it's true.
They could sell 10-12 units per day instead of per week just because
of price reduction. If it's true, I really don't know how to
calculate the total volume of G3's to be sold in this quarter since
the number will be amazingly high.

If you look at Apple stock price from two year or five year chart, you
would notice that the price surge at incredible rate (from the slope)
between early January to the present. There is no such rate in its
five year records. It takes AT&T seven months to double its price,
while it only takes Apple less than three months and doesn't top out
yet. The momentum significantly increases in last two weeks - the
average daily volume for the last two weeks has been nearly double of
its daily average volume. It would be interesting to see what it will
behave in next two weeks.

Phil
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