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Technology Stocks : Apple Inc.

AAPL 274.65

+1.9%

2:08 PM EST

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To: John M. Hammer who wrote (377)	10/17/1996 1:11:00 PM
From: David Kuspa	of 213185

John, many other stock favorites that beat estimates recently were actually punished for it. I had a small fear that this might happen to AAPL as well, but they beat their estimate by such a large margin, it overcame this possibility, at least for now. Also, I'm not very well-versed on technical analysis, but I believe there is a lot of resistence in the $26-28 range; check out last March-April. So there will probably be more churning in this range. Perhaps a technical analyst can shed some light. D. Kuspa

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