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

To: Jon Klaus who wrote (11582)	4/16/1998 12:52:00 PM
From: Mark Palmberg	Read Replies (1) \| Respond to of 213176

Really, AAPL trounces expectations and the share price hardly moves. What's up? Down market. And some fool (not motley) over at S&P maintained an 'avoid' on the stock. Anyone who presently owns this stock should hold it for at least another 9 to 12 months. I can just hear my mother saying it now... "Well if Steve Jobs jumped off a bridge would you do it too?" Yes, mom. Mark

To: Jon Klaus who wrote (11582)	4/16/1998 1:03:00 PM
From: X-Ray Man	Read Replies (3) \| Respond to of 213176

You should not be overly surprised at mild reaction. Many people bought speculating Apple would beat estimates. They want to take their profits today. Institutional investors wouldn't care if Apple posted twice as much profit this quarter, until they hear a rationale that explains why Apple might experience 25%+ growth rates in the future. The foundation is there, but the question remains what is the growth path. In this, at least, the bears here are correct. I just happen to believe that the growth paths are there for Apple if they make the right choices. I expect this will be articulated at the shareholder's meeting a little, and more so at the developer's meeting in May. Time to look at May 30 calls...

To: Jon Klaus who wrote (11582)	4/16/1998 4:20:00 PM
From: Zen Dollar Round	Respond to of 213176

I for one am amazed at the earnings. Any analyst upgrades yet? I expected a bigger move today. If I were the headline writer it would have to be "Apple Earns More Than Compaq!!!" Really, AAPL trounces expectations and the share price hardly moves. What's up? First, I think we need to get April options expiration out of the way. They expire tomorrow (OK, technically on Saturday). Second, there is a fairly strong resistance set at 30. I think come Monday, we'll start to see Apple move to the 30 mark and solidly into the low 30s by late next week. This will put a strain on the short interest holders, and they'll be forced to buy to cover, pushing AAPL higher still. Third, this would actually follow the same pattern as the Q1 earnings announcement. Not particularly strong moves right away, but then next several weeks it ran from around 14 to 26 or so. Just my opinion. I'm long AAPL too.