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

To: Phillip C. Lee who wrote (7960)	1/24/1998 12:46:00 PM
From: Edward Boghosian	Read Replies (2) \| Respond to of 213173

Phil: I don't trade like some of you so I don't worry about 19.5 or 19.75 but checking the chart going back about 1 year there were two minor tops around 20(19.5/19.75) during March-April and October-November. I don't think it will take too much good news for Apple to go above 20 but what I do like a lot is that Apple shares are above the 200 day moving average which to me is bullish and hopefully it will consolidate above it. I, personally, do not think it is up-up-and-away for Apple because there is a lot of garbage in the 20's that Apple has to overcome. You may be right about 30 during the summmer but I play closer to the vest. Apple has to do a lot more good work to get momentum really going. I would still be buying Apple between 17-19 if it should drop. I still feel, strongly, that it is a good speculative buy that has to be watched and with all of you watching, what more do I need. Thanks Ed