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

To: Richard Habib who wrote (13611)	5/14/1998 4:40:00 PM
From: Phillip C. Lee	Read Replies (1) \| Respond to of 213182

<<Except the last thing IBM wants is another hardware business like Apple. IBM may be in the market but it will be for services companies to comply with Lou's 28% growth mandate. I'd guess Computer Associates and their like. Rich >> It's possible for Apple to be the next target for IBM's appetite. Well, Apple's stock has been extremely stabilized since it went up above $30. It's been seven consecutive trading days the price stayed above $30. Today's the lightest volume since a couple of months ago. The conventional wisdom tells us that when the price goes down and the volume shrinks significantly, the trend will reverse in the near future. This wisdom has been applied on the previous cases without any exceptions, thus, I believe the stock will go up as late as Monday afternoon. I wouldn't expect there are big swings tomorrow and all May $30 calls will be of little value unless a positive news from Apple on the final day of WWDC. I wouldn't hope there is a significant uptrend next Monday morning since MM will clean up all options without executions. The seven consecutive days remaining above $30 provide us positive upward indication. Phil