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

To: Essam Zaneldin who wrote (12027)	4/22/1998 7:07:00 PM
From: HerbVic	Respond to of 213176

Stinks, does it not? The churning of this stock in the face of excellent news has run off all the momentum players. It will take a major jolt of an announcement or leak to get the feeding frenzy started again. Fairly valued. What's that? WS has it all over the map when you compare different issues. AAPL could be perceived as fairly valued at any value from as low as 22 to as high as 52. I don't see any more drop tomorrow or Friday. Volume will be light until further news, and some will move their money to more immediately speculative issues, but buying will support 27.5 on the potential to sell at 29 over the short term. IMHO. I am only an egg. (credit to & in memory of Robert Heinlein) HerbVic

To: Essam Zaneldin who wrote (12027)	4/22/1998 8:13:00 PM
From: Phillip C. Lee	Read Replies (2) \| Respond to of 213176

Essam, Today's drop in the last 15 minutes was due to: (1) 17m shares approved by shareholders will be based on today's price. I am not sure Apple's executives have sold shares to push down the price since it is obvious that the price was intentionally depressed in the last moment; (2) There are too many daily traders involved in this stock. Any individual can play the stock daily using internet's quick execution; (3) Somebody may have already known Microsoft's quarter results 15-20 minutes (by rumors?) which have them trigger "sell" button; (4) No particular news in shareholders meeting, which causes some big investors to be disappointed since 17m shares are not trivial values; Those investors asked for exchanged values for such 17m shares, such as Jobs' title changed. (5) It's the best time for institutions to dump the stock since there is no news from meeting. The executives of Apple are the winners, small investors are losers for today's market as far as I am concerned. Well, the above items are just my own opinions, which doesn't mean they are 100% accurate. Phil