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

To: rhet0ric who wrote (9952)	3/24/1998 12:06:00 PM
From: L.Gardner	Read Replies (2) \| Respond to of 213173

In other words, how much will the stock fluctuate relative to future real announcements and future speculation? I would have trouble picking the upcoming highs and lows based on those things, which would indicate that a buy-and-hold strategy is the best bet. I've been buying and selling aapl for 8 years now, (straight issues only, not options) and believe it or not, it's made me quite a bit of money. But appl is just about the most dangerous (mid-cap) issue on the market to buy and hold without a limit. I've always set limits, and fairly aggressive ones, based not on Apple's merits as a company (it's always been a great company, even under that idiot Sculley), but always on how I interpret the current bias of the ignoramuses who move the market. So far, it's paid off. My feeling is that if decent profits are announced, there'll be a good amount of buying-in, but only up to a point, because your typical money manager is a golf-course/superbowl type who is extremely grudging against the company. This juncture is somewhat unique though, because most of the market is truly overvalued, so aapl's got to look attractive, whether they like it or not. This adds a few bonus points, imo. Take your best guess at where share price will level off (and it will), based purely on market psychology, set your limit a few points below that, and take your profits, and wait for the next dip to buy back in again. It always seems to work. There are other companies with similar patterns, but none so consistent as aapl. FWIW, Leo