Apple Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Inc.

AAPL 273.04

-0.2%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: rlev who wrote (17349)	8/27/1998 9:01:00 PM
From: Phillip C. Lee	Read Replies (2) of 213173

For AAPL, today's market makes it shake out some investors with less confidence, another way to expedite profit-taking process. With nearly 10m shares changed hands, investors with profits were nervous and hence they stepped in to close their long positions. On the buying side, some should be attributed to shorts coverings. From shaksout, profit-taking and short coverings viewpoints, today's scenario doesn't look bad at all. The iMac excellent sales factored in the price again has been removed due to the bad overall market condition. The fact of the better current quarter has been discounted that creates a rare opportunity for investors. AAPL doesn't have net/revenue problems like other tech stocks in the current and future quarters. Its PE will significantly improve as reports of Q4 of '98 and Q1 of '99 are approaching. I feel very optimistic at the current bargaining price since it's very hard to find fault with AAPL at the present situations of itself as well as outside conditions impacting on it. As iMac sales in Japan and Europe start to kick in and Soybold event nears, it's a good time to bet with your chance. I think the odds are on your side. Phil

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next