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

To: Michael Feldstein who wrote (9727)	3/19/1998 10:51:00 AM
From: L.Gardner	Respond to of 213176

<<we're still hearing a lot of "Despite this recovery, many analysts believe that Apple will never fully recover its former glory...". I don't think that Wall Street will support $50 until they see either (1) Apple dramatically retaking market share or (2) Apple finding or making new markets (like set-top boxes) >> That's very true. It's been my experience that the the logic of numbers seldom penetrates the very thick horde mentality that that surrounds most market issues (which is why technicians like Eric often lose money). Since last autumn I've accumulated a lot of aapl (mostly by defensive down-averaging to about $17). I strongly believe in gut limits and, believe me, I've set my limit on aapl at $30, which I think is as far as the hoarde will let travel this year (I love to be wrong about this, and will hold 25% indefinitly). But aapl is still a cheap and acceptable long risk (imo), simple because every Wintel related stock (ino, the whole computer industry) is way over-valued and will force the guys in suits to buy in after a few good quarters, just to defend their tech portfolios. And long, long, aapl is even better, as there are a lot of big players taking a good look at Nextst. . .(oops) Rhapsody for enterprise apps (both Merced and PPC). It could be very exciting long-term for aapl. Two years is an eternity. You'll laugh at where Dell's at two years from now. . . L.G.