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Technology Stocks : Apple Inc.
AAPL 271.08-0.4%2:10 PM EST
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To: Mark Palmberg who wrote (9609)3/17/1998 2:22:00 PM
From: FR1  Read Replies (1) of 213177
 
I love the shorts. When Apple was down in the teens the constant refrain was "Either a stock is doing good or it is not. Read the numbers - Apple is a dead stock - it is going to single digits - sell it now."

Now they have to find a new line.

So today it is "...I rather own an internet stock with a good brand...the risk reward is better...because the reward is there".

Let's see, YHOO and AOL are the only two screaming internet stocks. They are around 30% to 40% up for the year. Apple? only about 100%. Apple is obviously a losing stock and a dead company. If the shorts can tell me some more dead businesses in the computer field that are up double for the year please post them - I am interested.

I listened to Steve's presentation on the web (it actually worked real well - no interruptions or anything). Apple stock should do well this year. It is hard to look too far but we do know this:

March - Introduction of new G3 machines, etc.
April - Profits announced that are better than other box makers.
May - At the developer meeting - Rhapsody working version released to public? Rhapsody itself should be made available around this time.

June - July etc. - Hard to look this far but once Rhapsody is released dumb remotes are possible and probable.

Let's not forget that DELL went from $9/share to $100+ in a very short time and all they had was a screwdriver.
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