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Technology Stocks : AAPL? How to trade/invest?

AAPL 271.29

+0.6%

3:59 PM EDT

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To: Jaime H. Ayalde who wrote (64)	4/25/1996 2:32:00 PM
From: xu, b.	of 162

Jaime, The single most important thing in this business is not making money. It's survive! Not everyone appreciate this philosophy. Most of people are I talked to only interested in %%% return, not even considering risk. I was very fortunate to lose money at early stage of my investing. That served a very good lesson that stocks can go to ZERO. I hit one! Yesterday's selling was quite impressive. The uptrend line was violated as well. I guess it washed out quite many weak hands. Not sure if it's enough. It could be a bear trap. There are more and more whipsaw if one relies heavily on technical analysis. I think we are on the right track to analyse the psychology of the fund managers. 56% of AAPL are in their hands and it could be very expensive to ignore them. Clearly, they are in selling mood. It's amazing that you mention these analyst. I pay very little attention on their suggestion. I do respect the facts they mention. All the facts so far is valid and they have a reason to sell. I studied the behavior of AAPL for the past 15 years and sensed that we are close to the bottom if we have not seen it yet. I will definitly join the selling party if AAPL breaks 23. I still see the current move is the contre trend. You may remember that I hold a different view on stops. The market will always wash out these tight stops before it goes the other way. Opinions from bears are most encouraged. As I said, the poste here can not convince me that AAPL is at bottom. We may have made too much noise to scare away the bears? Bernie

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