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Technology Stocks : Apple Inc.
AAPL 271.01-0.3%Jan 2 9:30 AM EST
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To: Moominoid who wrote (13635)5/15/1998 10:52:00 AM
From: Sam Scrutchins  Read Replies (1) of 213177
 
David,

Barring a market tank or a hit on high-techs, I think we have seen the last of the 20's as of today. The MM's might pull it down to 29 3/4 or so before the close today, but I doubt it. The stock has had every opportunity to sell off since Tuesday and has not been able to do so. My 'guess' is that it will maintain an uptrend as it has done for the past quarter, probably right on thru October. There may be volatile dips from time-to-time, but the trendline remains intact. The stronger the close today, the stronger the upward momentum next week, IMHO.

Sam

P.S. I reestablished a trading position Wednesday and today with July 27 1/2 calls. If we get a quick runup, I may sell the Jun 35s against them to reduce costs.
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