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Technology Stocks : Apple Inc.

AAPL 272.99

-0.3%

Dec 30 3:59 PM EST

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To: Sam Scrutchins who wrote (16553)	8/12/1998 8:48:00 PM
From: Phillip C. Lee	Read Replies (1) of 213177

Sam, Excellent approach on Apple's short-term price analysis. I agree with your assessment. Apple's broken again its yearly closing high. The trend seems still on the upside. Today's high was near yesterday's of $41, besides, today's low has been better than yesterday's. It clearly indicates the stock direction. As I've said yesterday, we probably have another week of rally before retreating back. I love this steady movement. We have gotten a gap up this morning that was used to fill up yesterday's sell-off by profit-taking activity. I will carefully watch tomorrow's stock movement based on high/low in these couple days to see if there is any break-through. Hope we could reach $43-$45 before an overall market correction. Cheers, Phil

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