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

To: rhet0ric who wrote (12006)	4/22/1998 4:34:00 PM
From: Alomex	Respond to of 213177

Hey Alomex, what's your opinion on AAPL not moving up more/faster after the earnings announcement? Do you think it's resistance at $29 because of last August, as you suggested some posts back? Or something else? I think the first day hold was mostly resistance from last August. After that, the movement in price has led me to believe that the good news had already been factored in by the smart money. That is, the movement upward in midFebruary was the result of good january sales figures that were available to Wall Street analysts. I think Jobs will no longer be an "interim" CEO after the stock options have been approved. This means that within the next week he'll either announce his replacement or drop the interim. I'd say the drop today was caused by the lack of news. I don't think it'll go below $24, though...