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Technology Stocks : Apple Inc.

AAPL 273.85

+0.5%

Dec 24 12:59 PM EST

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To: Alomex who wrote (15730)	7/16/1998 5:30:00 PM
From: Andrew Danielson	Read Replies (1) of 213177

<<The question is folks, will Apple continue its upward trend tomorrow on the strength of upgrades, or will it move down, on profit taking from the millions of shares bought around $30?>> We ended with surprising strength. The stock ran up to the 37 1/2-5/8 level multiple times through the day but always bounced back down. The fact that it ended right back up there again is a good sign that we'll see some further progress tomorrow. On the other hand, I think for now our days of multiple point gains are over. In addition, the lack of revenue growth this quarter means that short seller interest will likely remain high for the near term. Of course, next quarter, when we get that holy grail of significant revenue growth, the shorts will be fleeing like rats from a sinking ship, er, maybe that should be rising ship. :-) Andrew

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