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

To: Moominoid who wrote (10338)	3/28/1998 2:30:00 AM
From: eric siegel	Read Replies (2) \| Respond to of 213186

David,your analysis is sound.Stochastics,RSI and momentum have been falling all week.I expect AApl to revisit the 24 5/8 low it made on 3/11 and 3/23.Once violated 22.50 is inevitable.Get your stop losses in there and save yourself some pain.A covered call position or buy right is a good hedge here while premiums are high.As much as I dislike this co.I was recommending it to friends when it hit 13 1/2 or so.You can't go broke taking a profit.Didn't get in there myself for personal reasons.There are two kinds of people out there,the givers and the takers.The givers sleep better and the takers eat better. Eric

To: Moominoid who wrote (10338)	3/28/1998 11:09:00 AM
From: Phillip C. Lee	Read Replies (3) \| Respond to of 213186

David, My thought on Apple's trend is just opposite of yours. So far it can stand at above $26 level, which is a miracle and strong uptrend indication. It is typically a consolidation pattern this week expect Tuesday's spike. If you look at yearly chart, there are special three days (8/6/97-8/8/97) when the most heaviest trading in Apple's stock history, with almost 87m shares changed hands. If accounting for repetitive entries during those three days, we still have at least 50m shares deal done, which represents more than 1/3 of total outstanding shares. It will be amazing if it doesn't take a little longer time to consolidate within $26-$29 range. It seems to me that this period is about to finish and ready to move up next week before Q2 report anticipation. Phil