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


To: Essam Zaneldin who wrote (12046)4/23/1998 1:07:00 AM
From: Spytrdr  Respond to of 213176
 
Don't worry guys, nothing changed. Forget about the stock, just leave it there and come back next month. Apple is still dirt cheap considering market cap and it has no way to go but up, as soon as this Quicken BS dries out. ___ message from Essam Zaneldin on Apr 22 1998 9:28PM EST Thanks Phil. for the explanation. Since there is no news and may not be any in the near future, do you think that this negative trend for the stock will continue?



To: Essam Zaneldin who wrote (12046)4/23/1998 8:38:00 AM
From: Phillip C. Lee  Read Replies (2) | Respond to of 213176
 
Essam,

No, I don't believe the negative trend will continue. The prices in the
first and last 30 minutes trades only represent pure speculation. The
price will stabilize and move up gradually since the revenue/net have
revealed Apple's stabilization and future growth. Apple's successfully
sold their G3's with low non-G3 inventory, the entire picture looks
very bright for the rest of '98. It wouldn't be any surprise to me that
Apple will hit $50 in July. However, the near-term's wide swings
derived from daily speculations will continue. This stock will become
the most worth keeping one in '98.

Phil