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

To: Phillip C. Lee who wrote (12199)	4/25/1998 7:44:00 PM
From: devil ray	Read Replies (2) \| Respond to of 213177

From The Bear, Many analysts like the one on CNBC say they would not touch aapl at these levels. Maybe that's why institutions have not been buying this last week. It seems only daytraders and small investors have touched this stock in the last week as the low volume shows. I see aapl stock slowly eroding before it's inevitable croaking. Revenues are just not there and that is what counts. Sure they fired a lot of people and cut costs but their revenue was down. If it continues to go down they are in major trouble.

To: Phillip C. Lee who wrote (12199)	4/25/1998 11:30:00 PM
From: Moominoid	Respond to of 213177

Maybe it's time for analysts to adjust Apple's appropriate price now. Apple's beta continues to rise as it becomes more like a regular stock. It is now 0.78. So I'm lowering my target price for AAPL. On the basis of the 3/25 First Call consensus it is now $32 and on the basis of adding in the eps surprise it is now $38. David

To: Phillip C. Lee who wrote (12199)	4/26/1998 1:20:00 AM
From: Sam Scrutchins	Read Replies (3) \| Respond to of 213177

I am not sure if it will repeats the similar pattern, but to move up a copule of points seems reasonable next week since it hasn't boosted up much for Q2's results. Phil, The uptrend has not been broken yet. There was a small and very minor selloff earlier this month that pulled Apple down off its overly vertical trendline established with the Q1 earnings report. However, the stock has begun another push upwards, and although it is now testing the newly established trendline, it has not yet broken down again. See the 1st chart (a 6-month Daily with Volume) to illustrate this. Apple also seems to be gathering a head of steam for an explosion through the 29s barrier. The 3-year weekly (not shown) and the 10-year weekly (2nd chart) shows this is Apple's 4th attempt to break up back over 30. I've shown the 10-year weekly to illustrate how Apple's volume has picked up so substantially in the last 6 months. The stock is more volatile now than any time in the last decade. I consider this a bullish sign, as lots of accumulation is taking place. With the intact secondary trend line, the increasing volume, the bunching up just below 30, and the potentially explosive news coming out at WWDC, the next few weeks/months could be a great and memorable period for Apple and Apple shareholders (the longs, that is!!). Who knows, Phil, your dream just might come true. Sam 1st chart: chart2.bigcharts.com 2nd chart: chart2.bigcharts.com