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Technology Stocks : Apple Inc.

AAPL 278.28

+0.1%

Dec 12 9:30 AM EST

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To: Eric Yang who wrote (11754)	4/17/1998 8:12:00 PM
From: Phillip C. Lee	Read Replies (1) of 213176

"Don't mean to be a eager beaver but I took a look at the numbers for Q3. The consensus estimate for Q3 is currently at $0.24. I haven't done a detailed analysis yet but using some rough estimate it looks like Apple should be able to more than double that this quarter." I think the real value will be reflected on the price starting from next Monday afternoon after all options are cleaned out. It is a safe bet on Apple now as opposed to prior-reports. Besides, the revenue will grow from Q3 and net will increase accordingly. I wouldn't believe those analysts won't upgrade Apple in the next couple of weeks. Internet-related stocks will be cooled down within a week, and the attention will again back to the pc-related stocks. In the past two days, I believe the shorts have covered back a significant number of shares with an elegant way. I was surprised at their market-controlling capability. Well, I have no doubt for their ability of price manipulation, but still make me feel how unfairly the market behaves within a short term (e.g. 1-2 days) when the big guys interfered. Holding longer is the only way to conquer those unfair practices. Phil

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