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Technology Stocks : Apple Inc.
AAPL 277.90-0.3%10:25 AM EST

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To: Jaidev Sharma who wrote (1342)2/11/1997 3:16:00 PM
From: Jaime H. Ayalde   of 213173
 
< every share sold, there is a share bought >

The problem is to entice the buyers the price goes lower. I am still holding off on positioning long AAPL. For me, for the short term trend to turn up it needs to trade through 17.375. The market still sees no positive earnings (visibility.) According to AAPL we are looking now at 1998 . In March the BookValue will take another 2.00 hit (minimum) 430mil for NEXT; add this to the Loss in March Q.

Apple Computer is very attractive, but that does not neccessarily mean the stock price is going up soon.

Long calls (Leaps) - Have the Delta work for you - Volatility Low so Price reasonable. The longer it Trades below 16, the more TA damage is done.

Jaime
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