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Technology Stocks : Apple Inc.

AAPL 259.35

+0.1%

Jan 9 3:59 PM EST

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To: Matthew Johnson who wrote (15459)	7/15/1998 12:00:00 PM
From: Dr. Id	Read Replies (2) of 213182

Can anyone give me any reasons why aapl will continue to head north after what i am sure will be a good earnings report. It just seems that with apple that the price always drops after release of good news. Why would the price act any different this time?. I missed the boat several times over the last year to sell on news because i am just too damn optimistic about apple. I think this is a reasonable concern. This is a crazy market, with lots of traders seeming to dominate over investors. Compaq reports positive earnings, above expectations, good conference call with positive forward looking statements. Stock down this morning, traders taking profits. Intel misses earnings, stock up 2 this morning. Hard to figure out, but unbridled optimism about stock price rising after positive earnings is misplaced IMHO. However, positive earnings do speak well for a long term hold. JB

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