Apple Computer (AAPL): Analysis and Forecasting Message Board

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

AAPL 259.35

+0.1%

Jan 9 9:30 AM EST

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To: Moominoid who wrote (341)	7/28/1998 11:26:00 PM
From: iGregor	Read Replies (1) of 692

I'm not suggesting it will decline to any of the levels of support mentioned. I'm merely trying to answer your question about where support might come into play in the event of a melt down. One means of getting a handle on this (there are others) is to take a look at the chart, and look for any consistencies among recent bottoms. If you do, you'll see Apple has recently bottomed around 25 in early April, 26 in late April, and 25-26 in late May & early June. That's one (pretty simplistic, I admit, but pretty widely used) method of estimating where one might find price support in the event things go to hell. Now, if you look a little further back, you see a local bottom around 18 in early February. And a bit further back, 13s last December and last July. In the event the stock does melt down and blows by support at 25-26, then you might look for the next level of support to come in around 18. If it blows by 18, then hang on for 13. Please be sure to understand that by no means am I suggesting such a decline is at all likely. Hope this helps. East

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