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Technology Stocks : Apple Inc.

AAPL 271.84

-0.4%

Dec 31 3:59 PM EST

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To: Sam Scrutchins who wrote (16326)	8/6/1998 10:25:00 PM
From: Phillip C. Lee	Read Replies (2) of 213177

Sam, The iMac event is too big to be ignored so the stock will gradually reflect its real value. When the time (August 15th) is getting closer, the stock gets hotter. Now, I have little doubt that Apple will jump over yearly high as early as tomorrow. It seems the upturn stream continues as the overall market behaves fair well. I have observed this stock's behavior these couple days and found out there exists a strong push-up force on "ask" side to lift the price up, which is a very special scenario. Does anybody know something very positive? I am still skeptical about this phenomenon. At least from 3-months technical chart, we can see clearly that it will test the yearly high soon if unfortunately not tomorrow. Hmmm..., if CPQ and GTW could move that high today, Apple will be the next turn and it'll probably be tomorrow. Cheers, Phil

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