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Technology Stocks : Apple Inc.

AAPL 278.79

-0.7%

Dec 5 9:30 AM EST

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To: Alomex who wrote (9336)	3/12/1998 1:43:00 PM
From: L.Gardner	Read Replies (1) of 213173

<<The runup to $26 is a bet on announcement of a great new CEO soon, if it doesn't pan out the stock will retrace back to $20-22.>> etc., etc. I disagree. The run-up is pent-up demand by institutional investors for a cheap computer stock with a big brand name, and appl is the only one left to buy. But blocks have been relatively small, so I'm betting that Good Q2 results will open up the floodgates, and I'm looking for 30+ by 15 April. . . Of course, I'll be putting a defensive stop on my holdings just in case earning announcements don't quite pan out the way they should. A good CEO wouldn't hurt either, but Jobs has been good enough. Way good enough, imo. Still long at $17.25. . . L.G. P.S. You're too long-winded.

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