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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (20943)	8/30/1999 2:17:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 43080

APLX Rick Berry, an analyst with brokerage J.P. Turner & Co., said Applix was rising on investor hopes that the stock would emerge as a new star in the Linux firmament, joining Red Hat Software, which is up 450 percent from its Aug. 11 stock market debut. But while Berry rates Applix a ''trading buy,'' he said the current buying was a temporary speculative craze. ''These moves are not sustainable,'' he said. ''I look for the stock to probably close down today.'' Applix may trade as high as $23 or $24, but it will likely end the day between $12 and $14, he said. Applix spokeswoman Nora McGuinness said comments on online chat boards touting the stock focused on potential partnerships the company could reach related to its Linux technical support site, which attracts about 3,500 hits a day by Web users. I'm not going to butt heads w/ microsoft....why would I give up my free MS browser for Linux? This is the only chat room I participate in...