Apple Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Inc.

AAPL 278.28

+0.1%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Moominoid who wrote (10338)	3/28/1998 11:09:00 AM
From: Phillip C. Lee	Read Replies (3) of 213176

David, My thought on Apple's trend is just opposite of yours. So far it can stand at above $26 level, which is a miracle and strong uptrend indication. It is typically a consolidation pattern this week expect Tuesday's spike. If you look at yearly chart, there are special three days (8/6/97-8/8/97) when the most heaviest trading in Apple's stock history, with almost 87m shares changed hands. If accounting for repetitive entries during those three days, we still have at least 50m shares deal done, which represents more than 1/3 of total outstanding shares. It will be amazing if it doesn't take a little longer time to consolidate within $26-$29 range. It seems to me that this period is about to finish and ready to move up next week before Q2 report anticipation. Phil

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next