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Technology Stocks : Apple Computer (AAPL): Analysis and Forecasting -- Ignore unavailable to you. Want to Upgrade?

To: Marc Newman who wrote (362)	7/31/1998 9:35:00 PM
From: Sam Scrutchins	Respond to of 692

Because unlike most earnings months for Apple, this time the third Friday of the month is "late" in the period. Ie, we can get a nice iMac boost before options expiration has a shot to drag us down. Marc, I agree with you, if we get past Monday without a crash. Certainly one thing that supports an Apple uptrend is the divergence today between the RSI and the share price, as well as the Volume on the 5-min chart: (RSI) bigcharts.com (Volume) bigcharts.com The RSI stayed relatively flat all day while the share price declined. This occurred on light volume after the opening selloff, followed by a strong pickup at the close. The later could have been a mild panic selloff--hard to tell. The flat RSI bodes well for the stock next week, and if we do not crash, Apple should recover nicely. My newly created position [before the last tank <:(] depends on it, Sam

To: Marc Newman who wrote (362)	7/31/1998 10:52:00 PM
From: RX4PROFIT	Respond to of 692

Marc: "Dennis, good luck with your strategy. If the market starts looking for value, Apple has a shot to go up while the overall market is down." AAPL has been tracking the Nasdaq movement ever since we hit $30.00 and has continued the past three weeks. IMHO, if the market tanks it's going to drag down AAPL with it and a lot of other good stocks. Just my 2› worth...

To: Marc Newman who wrote (362)	8/1/1998 3:06:00 AM
From: Bruce Spath	Read Replies (2) \| Respond to of 692

Actually, Marc, October is even worse that you mentioned in your post. Expiry is on the 16th, the day after earnings. Needless to say, I don't want to be holding any Oct calls that day, regardless of how I expect AAPL to perform for the quarter. Should be moved out into further calls by then. -Bruce. P.S. Just proofread this post before posting, the spellchecker doesn't know the word "expiry"? They've got to be kidding. :-) P.P.S. In spellchecking the above message, I discovered that the spellchecker doesn't know the word "spellchecker", so that obviously explains the lack of "expiry." Just a little, serendipitous humor to lighten the day we had.