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

To: Moominoid who wrote (11452)	4/15/1998 10:06:00 PM
From: soup	Read Replies (1) \| Respond to of 213176

A Schwab rep confirmed at 9:30 PM EST that AAPL traded at: 27 3/8 at 4:21PM EST before trading was halted. 27 7/8 at 5:21PM EST before trading was halted again. and later between 30 and 31 on Instinet. soup

To: Moominoid who wrote (11452)	4/15/1998 10:54:00 PM
From: Phillip C. Lee	Respond to of 213176

If I very conservatively just add the eps surprise to the existing analysts' consensus for 1998 and don't change any other quarters and keep the future profit growth RATES as before, I come out with a (CAPM/earnings) price above $40 for AAPL. You estimate is as close as what I predict in the previous post. How soon the price can reach $40 depends on how shorts react to this surprising Q2 reports. Now, the volume of shorts is around 15m shares. I don't believe they can sleep well today particularly individual shorts. I think a significant number of shorts will cover back in tomorrow's early session which will cause short squeeze. However, some probably stubbornly resist the moving trend which will result in heavier loss in the long run. If they cover sooner than anticipated, then $40 will be within reach before shareholders meeting (4/22). There is going to be a long long day tomorrow for shorts to technically cover back their positions. Phil

To: Moominoid who wrote (11452)	4/16/1998 2:46:00 AM
From: HerbVic	Read Replies (1) \| Respond to of 213176

David, I use Datek and am experiencing the same thing. My portfolio shows AAPL with a value of zero, not marginable. Must be a computer glitch. Hope they get it fixed early. I wanted to put in a sell order at 37 1/4 to see if I could get lucky on a spike up. [There... just did it!] I think Phil is on the nose with his 33-35 range for the close Thursday. Still sippin, HerbVic