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Technology Stocks : Apple Inc.
AAPL 278.28+0.1%Dec 12 9:30 AM EST
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To: Andrew Danielson who wrote (17623)9/7/1998 11:17:00 AM
From: Phillip C. Lee  Read Replies (1) of 213176
 
<<AAPL is up 8.5% on the Toyko exchange--much higher than the
move it had in the US on Friday.

8.5% from Thursday's close puts us at 37 1/2. Direct currency translation of the 5150 price puts us in the overall range of 36 3/4-38, depending on how fast one thinks the overseas stock price adjusts for currency fluctuations (using the current 135 as low end and 140 as high end)

Maybe we'll finally get a concerted rally out of AAPL stock.>>

The current exchange rate of Yen vs. US Dollars is 133.57Y for $1,
hence 5150Y is equivalent to $38.55.

The market will bounce back significantly due to the high probability
that Federal Reserve is going to reduce interest rate to boost up the
economic in the near future. In CNBC, some market experts were
talking about a great deal of short coverage activity tomorrow. I think
AAPL will gain back some losing territory from last week's overall
sell-offs. Momentum investors are going back tomorrow to anticipate
this time's rally. I expect we will see around 10% or so lift
tomorrow and the following days. Most of analysts and investors are
coming back to work tomorrow and a new stock upward movement will be
formed derived from investors/speculators looking for bargains.
Somebody in CNBC today said this is a rare buying opportunity in
about 10 years. If you haven't fully invested, think seriously to
invest this time for a long term and you will find you grasp one of
the best timings for a long time.

Phil
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