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


To: VicAppl who wrote (10429)3/30/1998 10:22:00 AM
From: rhet0ric  Read Replies (1) | Respond to of 213177
 
I am far too indifferent to your opinions to bother looking it up, but I'm certain your conversion to "neutral" on Apple, came only within the last several weeks, after or close to, the point where the stock had already doubled...not in January as you claim.

In defense of Alomex, his "upgrade" to neutral did come in January, I believe it was after Jobs pre-announced the profit. His reasoning for merely a neutral position was that Apple needed to demonstrate a track record, i.e. consecutive quarters of profits, before it could be considered a buy.

In this I think Alomex probably reflects the thinking of many tech investors, who are justifiably cautious about AAPL. In addition, unlike most other shorts/bears on the thread, Alomex keeps track of the discussion and states his reasons for his views. This makes him a valuable participant, and someone we should encourage rather than antagonize.

Granted, I would have missed a big opportunity on AAPL if I had listened to Alomex last fall. But by the same token, you can be sure that when Alomex upgrades AAPL to a buy, he will be following a thought pattern similar to that of many other tech investors out there. And I suspect that that will mark the point at which AAPL really takes off as a stock, reaching the $50-$100 mark that some here have been talking about.

rhet0ric



To: VicAppl who wrote (10429)3/30/1998 10:27:00 AM
From: Alomex  Read Replies (1) | Respond to of 213177
 
but I'm certain your conversion to "neutral" on Apple, came only within the last several weeks, after or close to, the point where the stock had already doubled...not in January as you claim.

F**k you. Read the archives before calling me a liar.



To: VicAppl who wrote (10429)3/30/1998 10:47:00 AM
From: Russ  Read Replies (3) | Respond to of 213177
 
I am far too indifferent to your opinions to bother looking it up, but I'm certain your conversion to "neutral" on Apple, came only within the last several weeks, after or close to, the point where the stock had already doubled...not in January as you claim.

You're wrong on that, and if you don't care enough to look it up (ie, get your facts straight), you shouldn't post.

Alomex was bearish on AAPL most of last year, but, IIRC, there were a few times when AAPL was in the teens when he talked about purchasing it. He also very specifically posted here in January that he was no longer bearish.

-Russ