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

To: HerbVic who wrote (13875)	5/20/1998 12:47:00 PM
From: Phillip C. Lee	Read Replies (1) \| Respond to of 213182

<<What is your take on the stock's action today? Here we are battling over 28 7/8 AGAIN. Do you think the shorts are still trying to take the stock to 27 1/2 to save their ill conceived positions? >> HerbVic, Today's a typical stock's rotation type. Investors sold on news of Dell's quarterly report which brings down the entire sector. The money was injected into other sectors, such as telecommunication. With a light volume and downward trend on Apple, I take no action since I have no options at hands and all stock with long term investment. As I have mentioned yesterday, Apple's fundamentals are strong enough to get boosted as the time comes. Well, it could drop further but is unlikely. The time to get back to $30's will arrive as long as the momentum comes back. Phil