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Technology Stocks : Apple Inc.
AAPL 271.57+0.3%1:16 PM EST

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To: Phillip C. Lee who wrote (11909)4/21/1998 1:23:00 AM
From: Marc Newman  Read Replies (1) of 213177
 
Phil, let the analysts stay conservative. They are getting conservative guidance from Anderson and we are all playing this game of tempered expectations and excellent upside surprises. Anderson says revenue will be essentially flat and that margins will decline. Thus you get .27 or so. We will know before the analysts whether the PB's and AIO's are selling.

I think the price of AAPL will make us very happy this summer. If not by Wednesday!

How do you analyze the action the last few days versus the overhead resistance numbers from August? I think we made a nice little chip into it today and expect the same tomorrow. Today was the easy money--by my reckoning the easy money was from sub-$28 to $29.50 or so. Getting beyond that is hard but on the other hand, there is so much money to be made if it happens that it well could happen. So many shorts to be squeezed, so many momentum players ready to jump in when we pass thirty, etc.

And many more Wall St. firms that haven't graced us with a Strong Buy yet.

I'm looking forward to G4s and Rhapsody too,
Marc
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