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

To: X-Ray Man who wrote (13411)	5/11/1998 8:37:00 PM
From: Sam Scrutchins	Respond to of 213177

I would expect to pin around 30 with option expiration, perhaps even an attempt to push down another step by shorts and MMs. X-Ray Man, I agree with you. I think the 30 pin is what will be attempted. I think it will fail only if upgrades occur or if Apple clarifies in such way as to pleasantly surprise the street. I followed a similar strategy to you, ending my long trading position. I feel there is too much risk on the upside at this point to hedge my long investment position, however. It will be an interesting week with much movement possible up or down. Sam