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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)	7/17/1998 2:18:00 AM
From: Richard Habib	Read Replies (1) of 213177

Alomex, while it's possible it will test new highs tomorrow I wouldn't be at all surprised to see it beat down near 35-36 at the close. Have a feeling the street will see 36 or so as the fair value based on the last earnings. Just seems to me they will refuse to credit Apple with the price it deserves based on what any reasonable person has to assume will be 2 very good upcoming qtrs (knock on wood). The analyst estimates for next qtr are very low although I suppose they may get around to updating next week or so. On the other hand we thought that last qtr and they never did. Conservatively, I still see it in the low 40's by Jan. Guess that isn't a whole lot of upside for people just now buying non-leveraged stock. I still have a decent Jan option position. Sold off some to pay for the rest and I think I'll continue to hold. It's possible it could spike to low 50's before year end and for me that upside far outweighs my limited downside. Bottom line, think we all have fairly limited downside, perhaps some dead money, but still based on what we all know, a chance for a pretty decent upside. Rich

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