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

To: Alomex who wrote (13530)	5/12/1998 8:52:00 PM
From: Sam Scrutchins	Read Replies (3) \| Respond to of 213177

Soup sells his options, Alomex sells his shares. Now, that is what I call convergence. Not to miss the bandwagon, I sold my options yesterday also for a nice profit approaching 100%. However, I'm nibbling again with longer term calls, July on out. This stock has more potential downside now in the shortterm, but it will be higher by mid-year and yearend. I still think the stock will have a hard time breaking below the mid-29's. If it does, support is again around 28 with massive support at 25. If developers finally understand the importance of this week's OS developments, I think the stock will rekindle a nice upward move. Profits may not be as high as initially hoped (but might also exceed expectations with the interesting new hardware), but the stock is likely to maintain its uptrend. IMHO. Sam P.S. To update now that I have passed thru the remaining messages, I have to believe the options will be pinned at 30 vs. 27 1/2. It would take a big downturn for the stock to move to 27 1/2 by Friday. Given that I don't believe Steve will go the rest of the week without further clarification, and given the new ad, I wouldn't be surprised to see a 30 pin fail!