Apple Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Inc.

AAPL 272.24

+0.5%

Dec 23 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sam Scrutchins who wrote (12208)	4/26/1998 11:23:00 AM
From: Phillip C. Lee	of 213177

<<The uptrend has not been broken yet. There was a small and very minor selloff earlier this month that pulled Apple down off its overly vertical trendline established with the Q1 earnings report. However, the stock has begun another push upwards, and although it is now testing the newly established trendline, it has not yet broken down again. See the 1st chart (a 6-month Daily with Volume) to illustrate this.>> Sam, The aggregate volume around $27-$29 established during August 6-8, '97 was huge (87+m shares traded during three days transactions if avoiding any repetitive entries) enough to force the price to stay in this range for a while. If the price could break $29.75, then the pace of moving upwards will accelerate. I think it needs more momentum to exchange less-waiting -time at this level. It would be nice to see if Dell could bring all pc stocks up next week since I believe Dell's good sales in the last quarter and NASDAQ will recover back some losing ground. Phil

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next