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Technology Stocks : Apple Inc.

AAPL 272.16

+0.1%

3:59 PM EST

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To: Sam Scrutchins who wrote (10307)	3/27/1998 9:50:00 PM
From: Phillip C. Lee	Read Replies (1) of 213177

Sam, Well, I pick $30 based on: (1) It was $29.75 for the yearly high in last August's Boston MacWorld, which certainly the resistance level; (2) It is a big striking price if you look at January 30 '99 option with a huge number of contracts; (3) It's reasonable 10% up range if you summarize other stocks movement before quarter report, Adobe is an obvious example. It ran up about 10% before yesterday's report; (4) From Apple's recent price data, it's obvious 10% up or down is a reasonable range within 1-2 week timeframe. Phil

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