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


To: soup who wrote (13533)5/12/1998 6:54:00 PM
From: Alomex  Respond to of 213177
 
Soup, the stakes with options are higher, so when you gain, you gain more and when you lose you lose more.

Having said that 123% profits is a handsome figure.

I think it is very interesting that quite a few bulls here have started unwinding their positions.

First Bank of Alomex rating on Apple went from +1 to +2 on last week's announcement (5 is strong buy, -5 is strong sell). Yesterday's announcement sets the indicator back to 0 (neutral) until a clearer picture arises.

At the very best, yesterday was a PR snafu and Apple will be back to +2 when the smoke clears. Worst case, this is the straw that broke the camel's back, and developers, tired of Pink/Taligent/Copland/Rhapsody touch and go's, will drop like flies and the rating goes to -2.