Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Richard J. Byrd who wrote (7406)	1/7/1998 12:52:00 AM
From: Eric Yang	Respond to of 213173

You guys all have short memories. This last summer's Macworld caused AAPl to shoot up 100+% and what happened? - Crash! - down 60% in a a month or so. This is a great bounce to short. -History is going to repeat itself. Dick, first off Apple did not drop 60% in one month. Check the chart and do the math. The drop to 13 was over a period of several months and it was caused by a number of events. 1. Jobs not taking the CEO position 2. Not turning a profit in Q4 3. No merger announced during the 'Apple Event' 4. Asian market turmoil 5. PowerComputing deal 6. End of year tax sell-off How many of these issues are still relevent? Sure there will always be profit taking and market corrections. You might be able to make some quick profits if the timing is good, but Apple has shown that it's able to turn things around. Profitability is the bottomline. Eric