Apple Computer (AAPL): Analysis and Forecasting Message Board

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

AAPL 271.84

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3:59 PM EST

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To: RX4PROFIT who wrote (361)	7/31/1998 9:20:00 PM
From: Marc Newman	Read Replies (3) of 692

Essam, one could also look at it like this. Apple just had two big up days, so a down day is not out of the ordinary. Considering day one of the up days was on a day the NASDAQ was down double digits, and considering the NASDAQ collapse today, this is no big deal. Two steps up and one step back, that's how stocks usually move. (A day does not always equal a "step," of course.) One can also take a lot of solace in the fact that today's action was on very light volume. And wasn't the last half point on about a 100,000 shares? No big deal. I'm just glad we are into August now. Jim, I feel very fortunate that the first of August is on a Saturday. Why? Because unlike most earnings months for Apple, this time the third Friday of the month is "late" in the period. Ie, we can get a nice iMac boost before options expiration has a shot to drag us down. Next earnings (October) isn't so nice, with options going out about two days after Apple reports. Dennis, good luck with your strategy. If the market starts looking for value, Apple has a shot to go up while the overall market is down. Marc

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