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Technology Stocks : Apple Inc.
AAPL 278.28+0.1%Dec 12 9:30 AM EST

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To: Linda Kaplan who wrote (10969)4/8/1998 8:37:00 AM
From: Phillip C. Lee  Read Replies (2) of 213176
 
IOW tripling my LEAP position yesterday was a good idea but
premature, because I will be able buy them cheaper today?


As long as a LEAP position is concerned, you are really no need to
worry about because it's a long long time before it expires. Everyday
is a new day and nobody knows what will be up or down today or
tomorrow and hence it's a relative value as you enter the market.
Once you are in, you should have no regret for your decision.

The fundamental value of each stock is based on their future
perspectives and earning trends. I think Apple's earnings will
be improving at least for the rest of '98. Beyond '98, there are
involved too many variables and it tends to be unreliable especially
for the tech stocks.

Phil
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