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Technology Stocks : Apple Inc.

AAPL 271.86

-1.0%

Dec 17 3:59 PM EST

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To: WebDrone who wrote (10979)	4/8/1998 3:40:00 PM
From: Andon	Read Replies (1) of 213176

<at what price will you realistically cover you short> It depends on where we close today. If we close above $25 1/2, I believe that there will be a short-term rally. If we close below $25, I believe we could easily make it down to $22 within 10 days. I'm a very nervous short-trader. So I tend to take profits too early. So if I do cover my short in anticipation of a rally, I will go short again after a rally of 15% or so. Longer-term AAPL is in for a rough ride. I got a major sell signal just two days ago. Those are usually good for at least 40% down. That would put us down to $18 or so.

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