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

To: Sam Scrutchins who wrote (12208)	4/26/1998 3:12:00 AM
From: Don Green	Respond to of 213177

Sam as usual a nice summary.. Good job. Don

To: Sam Scrutchins who wrote (12208)	4/26/1998 10:16:00 AM
From: Moominoid	Respond to of 213177

Apple and Dell are the two stocks I am following which aren't yet in a "correction phase". I think Apple is struggling to get above $28-29 because the market as a whole is now falling back. Take a look at Unisys, MSFT, Chase, Citicorp, etc. etc. I think Dell could reach a turning point when earnings are released this week. Apple looks strong for the moment. David

To: Sam Scrutchins who wrote (12208)	4/26/1998 11:23:00 AM
From: Phillip C. Lee	Respond to of 213177

<<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.>> Sam, The aggregate volume around $27-$29 established during August 6-8, '97 was huge (87+m shares traded during three days transactions if avoiding any repetitive entries) enough to force the price to stay in this range for a while. If the price could break $29.75, then the pace of moving upwards will accelerate. I think it needs more momentum to exchange less-waiting -time at this level. It would be nice to see if Dell could bring all pc stocks up next week since I believe Dell's good sales in the last quarter and NASDAQ will recover back some losing ground. Phil