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Technology Stocks : Apple Inc.

AAPL 271.50

+2.0%

Nov 21 9:30 AM EST

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To: BillHoo who wrote ()	1/4/1999 3:09:00 PM
From: Andrew Danielson	Read Replies (2) of 213173

Downward action to be expected? VicApple, from Raging Bull, made an interesting comment a couple of weeks ago that seems to hold true today. He said that we may see a reversal of trading trends for AAPL this time around. For the past few earnings reports and Expos, AAPL has undergone some pretty big speculative buying prior to the "event," followed by selling immediately afterward. The last earnings report provides an extreme example of this. The trend of Wall Street is that once a pattern becomes recognized, it tends to disappear. This may be happening right now. A lot of speculators as well as investors got burned in previous times from the post-event sell-off. So as people become more gun-shy, they try to "anticipate" the trend so they don't get stuck again. So what do they do? They try to sell before the event. Of course, that means that many of the sellers that had been there after previous events will be gone this time around. So what does this mean? We may see a reversal that resembles a mild-medium sell-off prior to Jobs' keynote followed by a rally post-announcement. A kind of sell-on-rumor and buy-on-news inversion. It will be interesting to see if that comes true. . . Andrew

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