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


To: Linda Kaplan who wrote (13958)5/22/1998 4:36:00 PM
From: HerbVic  Respond to of 213177
 
Just like when one finally gives in and decides to make the trek to the doctors office. As soon as you commit, you start to feel better.

Looks like Apple is still under the weather. I really don't expect the broader market to go bullish until next Wednesday or Thursday; perhaps even Friday. My best guess is Thursday! Reasoning is not technical. I just feel that the current doldrums is correlational with the factual perception of an inventory glut that permeates the tech sector. When investors like CPQ and DELL again, the bulls will come back. Estimate is >25 for CPQ and >80 for DELL. AAPL hits support at 27.5 so, we may get another under 27.5 buying opportunity similar to today's. Once the broader market starts upward, AAPL should make another run at 30.

In the meantime, good hunting!
HerbVic