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Technology Stocks : Apple Inc.

AAPL 255.48

-1.1%

Jan 16 3:59 PM EST

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To: Andrew Danielson who wrote (18631)	9/28/1998 8:17:00 PM
From: Andrew Danielson	Read Replies (2) of 213182

Low volume Oh, and responding to those who complain about AAPL's low volume: Comparing recent volume to how it was in late August or the beginning of this month is truly comparing apples and oranges. Few if any stocks are trading at volumes as high as they were during the market turmoil. Instead, look at AAPL volume in the stabilizing days prior to the run-up to 38 (pre-earnings run-up). That volume was much LOWER than it has been the past week. Then look at the volume in the quiet days before the run-up to 43. Again, low volume, about comparable to what we've seen the past few days (2 million, 3 million, rarely a 4 million day) If this were 2 days before earnings, I might be concerned. As it is, we've still got 12 trading days before earnings release. I'm personally ecstatic about AAPL's recent performance. If there would be a time for AAPL's stock to flounder, it would be now. Because it's certainly not going to be the next few weeks, as we get closer and closer to earnings. I made the original prediction that we would not see 43 again until after earnings. Now I'm not so sure. Andrew

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