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

To: van wang who wrote (9656)	3/18/1998 12:34:00 AM
From: van wang	Read Replies (1) \| Respond to of 213176

sry level was 26 1/2

To: van wang who wrote (9656)	3/18/1998 1:08:00 AM
From: van wang	Respond to of 213176

good news for longs...AAPL fy 98 Sept just crept up to 1.12 which makes AAPL trading only 24X...and 19X fy 99

To: van wang who wrote (9656)	3/18/1998 6:28:00 AM
From: Linda Kaplan	Read Replies (2) \| Respond to of 213176

Van, You shorted at 26 1/2? I can read that as if you were long, but you sold short, right? It's not unreasonable to expect a correction after the runup,so you're probably right, but did you look at the chart? Chart is bullish? Reverse head and shoulders? Sometimes they don't correct. I just remembered this. I own Pixar. The stock made a huge run on news of Toy Story II going to be a movie instead of a tv video, and at the same time unexpectedly good earnings from extended income from Toy Story. And Pixar kept going. So I bought some puts, convinced it would correct. I'm going to lose most of the money I spent on my puts -- in two days. It kept going up and then stalled in a tight trading range, then it went up more and stalled in another tight trading range. Now I suppose it will go up again, even though they announced they are going to have no income till mid 1999. Geez, I thought I'd make money on my puts. At least I didn't sell my stock. It's another Steve Jobs company. I hope Apple goes down for you and up for me. Stocks tend to go up and down. :-) Linda