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Technology Stocks : Apple Inc.

AAPL 272.16

+0.1%

3:59 PM EST

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To: Moominoid who wrote (10698)	4/2/1998 10:37:00 AM
From: Andon	Read Replies (3) of 213177

Close today at $26 3/4. Maybe there's a hole in the "proverbial floor"? VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV It has also hit the proverbial 'floor.' My sense is that we've hit an equilibrium point similar to the one we hit in Sept-Oct 97, after the stock had settled down from the Microsoft announcement. At that time, the stock traded between $22 and $24. We're in the same pattern now, trading between $26 and $28. I think you are exactly right as I've posted on this thread before using my own "amateur TA". By equilibrium I mean that the market, as a whole, thinks that this is roughly the right price for AAPL, until further news. Right on. The earnings report on the 15th is the biggie My interpretation of this pattern is that a lot of people think it will be disappointing just like last October and the price will fall. If the news will be so great why doesn't Steve Jobs sign on and take his share options at an exercise price equal to the current market price. Maybe he's hoping to get those options at an exercise price of $13 or whatever? David

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