Apple Computer (AAPL): Analysis and Forecasting Message Board

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

AAPL 272.99

-0.3%

3:59 PM EST

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To: RX4PROFIT who wrote (368)	8/3/1998 5:46:00 PM
From: Marc Newman	Read Replies (2) of 692

Well Dennis, good luck to you. That's what makes a market, I guess. I feel you've gone from a high risk strategy to the complete opposite. I continue my high risk strategy, but hopefully with a non-risky stock. You'll only miss a few points even if things work out exactly as I plan. The amount of volatility in AAPL has been very interesting. If one had just followed a strategy of buying in the 33s and selling in the 35s the past week one would've made a lot of money. Today's AAPL/Nasdaq divergence is what I'm looking for in the two weeks ahead. Besides, the Nasdaq only needs to go down another 35 points for us to have an official 10% correction from the highs. If we can get that 10% soon and then hold 1800, I think we're primed for at least a stable week or two and then AAPL will have a clear shot at $40. FWIW, Marc

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