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

To: van wang who wrote (9720)	3/19/1998 7:24:00 AM
From: van wang	Respond to of 213176

all overseas mkt indices are up...Europe in record territory...maybe my only hope are the economic numbers today

To: van wang who wrote (9720)	3/19/1998 10:44:00 AM
From: Eric Yang	Read Replies (1) \| Respond to of 213176

Van..I'm not a "technician", I like to take advantage of short term movement but I invest in AAPL primarily for the long run. There is definitely a correlation between Expo, earnings report date and a rise in AAPL so I just thought I point it out. If you look at AAPL in the last 12 month or so there is definitely a buy on expectation sell on news. The stock rises before earnings and expo and drops a week or two afterwards. But that's changing...look at the rally in Jan and Feb..was there a quick retreat? AAPL was in the red for most part of last year, thus any major gains in stock price isn't really sustainable. With AAPL making a profit in Q1 we can see that it's providing the fundamental support for the stock. Look at the pattern over the last 2 months. There was some minor corrections after the run-up but we managed to retain much of that gain. I think we'll another 15%+ rally at the end of the month. If Q2 looks good, it'll not only provide the support for current level but will boost AAPL even higher. After that there may be a minor correction but the window of opportunity for the shorts is very small. In any case I think shorting AAPL weeks before the expected rally at 26 1/2 is a bit premature. Not that shorting right before Q2 earnings report is any safer...hehe. I really think there are much better candidates out there for shorting. This is very different from the run-up to $29 last Aug. The window of opportunity for the shorts back then was much larger. The rally was based on news of agreements with MSFT instead of improvements in AAPL's fundamentals. Eric