SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: David Semoreson who wrote (7265)1/6/1998 1:58:00 PM
From: Marc Newman  Respond to of 213173
 
Oh my god. :)



To: David Semoreson who wrote (7265)1/6/1998 2:00:00 PM
From: Marc Newman  Read Replies (3) | Respond to of 213173
 
I'm going to be fairly quick with the trigger in the next day or two and perhaps people with calls in the money should do so as well. We should have selling pressure as Power dumps the rest of their shares, as people who held and got burned from this latest fall to $13 sell, and as a ton more shorts come in hoping to drive it back under $20 like last time.

I'm very bearish about sales for the march quarter. If revenue is under $1.6 billion at Christmas, what the hell is it going to be in spring with no educational sales? Also there will likely be a writeoff for slow 603/604 inventory.

Eric, dip into the GVIL. Not too late, that stock belongs at 2 1/2 minimum. Seriously.

Marc



To: David Semoreson who wrote (7265)1/6/1998 2:02:00 PM
From: Marc Newman  Respond to of 213173
 
Joe, dobr, Jim, everybody, ticker now shows last trade at 16. From option activity sounds like we'll open above $20, minimum.

Now shows high for the day of 19?