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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: WebDrone who wrote (25509)	7/15/1999 11:58:00 AM
From: Mark Palmberg	Read Replies (1) \| Respond to of 213186

Get out the vote! http://cgi.cnnfn.com/cgi-bin/poll_new/gen_poll.cgi/gen_me?pollname=bizday0719

To: WebDrone who wrote (25509)	7/15/1999 5:47:00 PM
From: Marc Newman	Read Replies (2) \| Respond to of 213186

<<You can't beat a dip before MacWorld!>> That's pretty much how I saw it. Rich, I can understand selling. And I can certainly understand this tech rally to run out of steam, but I think AAPL has steam for one more week, at least. Also, would it help your expectations for next quarter to remember that it's the big education quarter. I expect Apple will be up significantly from last year in that channel too. I also think people are buying here looking out six months to the big quarter. 20 PE is not a problem, IMO. Especially compared to the rest of the market. Even with the tax rate, Apple should have better earnings growth than the average S&P company, don't you think. I think Max-Pain is out the window and my best guess is that we close around $54 tomorrow, maybe $56. Why? There's good news next week plus all the sellers got out today. One of my other favorite stocks, THQI, has a reputation for sinking below a strike price on options expiration day. Yet when I looked at the data for the past year, it actually rose 3 out of 4 times when expiration was a week before earnings. Ie, it was only weak in non-earnings expiries. Substitute MacWorld for earnings in Apple's case. As Morgan says, the financial capital of the world. One can not underestimate the magnitude of what Jobs could say on Wednesday. Knowing him, it could be just about anything. Good luck to all, Marc Btw--great review of the PowerBooks in the SF Chronicle today and yet another full page ad for them. They must be arriving in quantity. Another reason to think that the quarter might be better than expected. sfgate.com