Apple Computer (AAPL): Analysis and Forecasting Message Board

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Technology Stocks : Apple Computer (AAPL): Analysis and Forecasting

AAPL 261.05

+0.3%

3:59 PM EST

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To: Marc Newman who wrote (278)	7/16/1998 4:28:00 PM
From: Jon Tara	Read Replies (2) of 692

Marc, I sold this afternoon at 37 1/2, when it looked like we would not get a close above 38. If we had gotten a close above 38, I would have held. As it is, AAPL has made an "almost" hanging-man. It is quite over-bought, and I wanted to lock-away a nice 1-week profit. (In at 31 1/2). I am a short-term player... I normally don't hold through earnings, but I liked the close yesterday as much as I disliked the close today. In hindsight, of course, I would have sold at 38 on the open, and bought back at 36. But wouldn't we all have. :) I may well be back, as I feel this is much more likely the beginning of a move than the end of one. I suppose for a short-term player like myself, the most bullish thing would be for that gap to remain, and become a breakaway gap. For long-term players, theyr'd be hell to pay later for that gap, so the best thing would be to fill it as soon as possible.

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