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

To: Phillip C. Lee who wrote (8748)	2/25/1998 8:14:00 PM
From: Phillip C. Lee	Read Replies (1) \| Respond to of 213173

Today's rally in price/volume continues the recent moving-up pattern, which creates high volume in three consecutive trading days. The momentum seems to be significantly increased from 4+m to 6+m (50% increase compared to yesterday's), which indicates the trend will certainly continue except some pull-off on its future course. Like Jobs described Q1 revenue/net: it is real, this rally is truly real. There is no sight of stopping until near $23.8125 where might exist some resistance. I have seen numerous large sizes of trades (such as 250k, 200k) on "ask" side in today's activity until around 3:10pm (based on 1-minute chart) when profit-takers kicked in. I was a little surprised that there are a significant number of daily traders. It looks like the momentum will be carried through the entire week, but I don't rule out any probability of temporary pull-off by profit taking within any trading days in the next couple of days. The volume in 22's (roughly about 3.81m (6.36m-2.55m)) is still not big enough to jump into 23's. We probably need another 3.8m to push stock above 23's. There is still a probability that we might break into 23's this week, provided that: (1) The overall market particularly tach stocks continues rally; (2) The Apple's momentum continues with volume of 4m+. (3) My previous assumption of progressive volume reduction theory is correct. It seems the price is heading higher like Q2's expectation, which I am still dreaming about $91m net income. Phil