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Technology Stocks : Apple Inc.
AAPL 273.81+0.5%9:30 AM EST

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To: John M. Hammer who wrote (755)1/4/1997 11:33:00 AM
From: Athanassios Kapralos   of 213177
 
Hello to All and A Happy New Year. I was in Greece for vacation when I saw AAPL reaching the $21. I almost got a heart attack. Then I remembered an article I wrote on this group a month ago stating that based on NASDAQ and tax purposes appl can see the 19-21 range. I started looking at the stock back in September when it was at 22. After a month I bought 800 shares at 24.98. A rather overvalued short-term investment. Twice in the first 8 weeks I had the chance to liquidate $2000 in profits. Now I am $2500 short. Peanuts for some people and stupid for others. For me it was a matter of principle. I believe in the long run success of the company. I forced my MBA group to make an analysis for Apple that I also published on this group and I got little response.
Today, I see that the resistance point has reached the 21.5-22. A bottom that claims an A-limit up of 27-28. The best thing we can do is wait. February is for me the most important month of 97. So far for various factors Appl is slugging confidence. When everybody was complaining why Apple was not buying BE for a petty $100 ml. Dr Amelio was silently purchasing Next for $400 ml.
Industry wise, Wintle will face competition due to the expansion of the commercial use of multimedia/data processing products. First I feel Apple needs to create an alliance with a financial institution. The ones who understand that will see my point.
People used to predict AAPL reaching the $35-42 by the end of March. I believe that the range will be $24-32 and probably reach $40 by June.

Let's keep our minds happy.......
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