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Technology Stocks : Apple Inc.
AAPL 272.280.0%9:34 AM EST
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To: HerbVic who wrote (23871)4/11/1999 8:32:00 PM
From: .com  Read Replies (3) of 213177
 
HerbVic,
I agree with you that AAPL will be a good play on a bounce off of support this week (when ALL the box makers will get smashed thanks to CPQ), but I think AAPL will be looking at a bounce off of 32 1/2 or 33, not 36. Take a look at the Nasdaq futures, which are down about 49 right now. AAPL, like all boxmakers, will be getting a haircut at the open. My initial look at the charts show the next true support for AAPL is that 32 1/2 or 33 range. It has some support at 35, but I think tomorrow will be alot worse for AAPL at the open than you do. I know you are long AAPL, but for a trade the 36 entry might be a disaster.

Thanks,
.com
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