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

To: Dylan who wrote (8747)2/24/1998 7:58:00 PM
From: Phillip C. Lee  Read Replies (1) | Respond to of 213173
 
Dylan,

UCLA is one of the best universities, hence it has Apple servers,
no surprise at all.

The following is an interesting statistics regarding daily trading
price/volume:

Date Close Price Volume
2/24 21.3125 4,076,700
2/23 21.25 4,263,300
-----------------------------------------------
2/20 20.0 2,905,500
2/19 20.4375 3,568,400
2/18 20.5625 4,416,000
-----------------------------------------------
2/17 19.625 1,631,700
2/13 19.50 1,857,100
2/12 19.375 1,819,200
2/11 19.0 1,889,900
2/10 19.438 3,767,900
2/09 19.188 4,416,700
-----------------------------------------------

Listed below are my observations based on the above data:

(1) There are six conseutive trading days with total volume of
15.382 million shares traded in 19's to promote Apple to 20's;

There are only three consecutive trading days with total volume of
10.889 million shares traded in 20's to promote Apple to 21's;

There have been two consecutive trading days with 8.34 million
shares traded in 21's.

(2) It takes a little longer for the stock to linger around 19's due
to its daily lighter volume and its resistance level at $19.75;

It only takes three consecutive days to break through 21's with
less volume (10.889 million as opposed to 15.382 million);

It seems the stock only needs 2.55 million shares to break into
22's if the volume in 21's is equivalent to 20's.

Tomorrow probably will be the day to break 22 if the volume is
greater than 2.55 million shares.

(3) The next resistance point is 23.8125 (10/15/97) according to the
conventional judgement. However, 23 is the magic number, where
all executives can exercise their options. Well, if they try to
help themselves, please announce a couple of good news that will
be enough to boost to 23+ level.

Phil


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