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Technology Stocks : Apple Inc.

AAPL 278.79

-0.7%

Dec 5 9:30 AM EST

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To: Eric Yang who wrote (21362)	12/22/1998 4:12:00 PM
From: Andrew Danielson	Read Replies (1) of 213173

Buy-on-close orders Looks like there were a lot of b-o-c orders today, as I saw the bid/ask jump from 37 13/16 / 37 7/8 to 37 15/16 / 38 in the final seconds before the close. Nice to end at the nice, round 38--right near the high for the day. 10 million volume! That didn't let up either. Remember that in the past, 38 provided some pretty hefty resistance. That we closed right at 38 today is a really good indication that we might have enough momentum to break through. If the buzz around this company makes a real turn around in the coming 1-2 months, we could see some lofty numbers. CPQ sets the example with its 25 forward PE that with a little positive buzz, the street is more than willing to bestow high valuations on computer makers. . . Meanwhile, our "huge" gains today puts us at the ever-lofty forward PE of 15.38. <sigh> Andrew

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