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

To: Moominoid who wrote (10985)	4/8/1998 9:13:00 PM
From: Zen Dollar Round	Read Replies (2) \| Respond to of 213176

Yesterday at $25 was a local buying opportunity according to my TA system. After 9 or 10 trading days of extreme weakness in the trend it signals a turning point towards the upside. This is just when the moving averages are diving faster. This is good news. That's good to know. I have to admit, I'm a bit perplexed by AAPL's recent downtrend, although I'm still very positive about Q2 results. The slippage started a few days before the tech selloff and has continued afterward. I still think $25 will seem like a bargain by Thursday next week. I'm considering adding to my July call options position to average down. However, one thing seems certain, AAPL will be significantly above or below $25 after earnings. In addition to the factors I mentioned in my recent post (#10915) giving reasons why Apple must show a good profit this quarter, there is the fact that the shareholder's meeting is set for April 22. Why would Jobs set himself up for a demeaning, contentious affair at the meeting if he wasn't sure Q2 would come in with positive numbers? He's just asking to be slaughtered there if Q2 comes out with a loss, and it was his idea to change the date in the first place. He wants to stride in there as the hero, not the goat.