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Technology Stocks : Apple Inc.

AAPL 259.35

+0.1%

Jan 9 9:30 AM EST

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To: Phillip C. Lee who wrote (16282)	8/6/1998 2:19:00 AM
From: Richard Habib	Read Replies (1) of 213181

Well, Phillip, based on todays Apple's performance today it may do alright tomorrow. Still think the strength it showed all day was a bit anomalous compared to other boxmakers and makes me lean toward bullish in the short term. As for the overall market - who knows. The rally was sharp and occurred at the end but other than that, it was pretty weak showing overall. Let's keep in mind Nas closed well off it's high. To be honest I'd love to not be long anything right now. I had puts on the OEX today but didn't make much money - It's a long story that can be summed up as never try to day trade index options on one of the most volatile days in memory without real time ticks and a very efficient trade mechanism. To tell you the truth if Apple popped above 37.5 I'd have to think hard about not cashing in and sitting on the sidelines for a while. By the way, I'm not nearly as confident as you that this qtr will go well. Dec is no problem but with this product transition it's going to be touch and go and if Japan tanks . . . Rich

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