Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RX4PROFIT who wrote (368)	8/3/1998 5:46:00 PM
From: Marc Newman	Read Replies (2) \| Respond to of 692

Well Dennis, good luck to you. That's what makes a market, I guess. I feel you've gone from a high risk strategy to the complete opposite. I continue my high risk strategy, but hopefully with a non-risky stock. You'll only miss a few points even if things work out exactly as I plan. The amount of volatility in AAPL has been very interesting. If one had just followed a strategy of buying in the 33s and selling in the 35s the past week one would've made a lot of money. Today's AAPL/Nasdaq divergence is what I'm looking for in the two weeks ahead. Besides, the Nasdaq only needs to go down another 35 points for us to have an official 10% correction from the highs. If we can get that 10% soon and then hold 1800, I think we're primed for at least a stable week or two and then AAPL will have a clear shot at $40. FWIW, Marc

To: RX4PROFIT who wrote (368)	8/4/1998 12:02:00 AM
From: Zen Dollar Round	Respond to of 692

Marc: I emptied my last bottle of Maalox and traded my last shares of AAPL today at $35 (32% ROI in 4 months) and sitting on the fence with a portfolio 100% in cash. I'm anxious to reinvest in AAPL when the market settles, hopefully in September or before. September is likely the month that we'll see the Big Kahuna -- a market crash on the order of 1987 magnitude. It'll be a real butt-kicker, and I'd say you're smart to get into all cash at this time. It's long overdue, and I'm getting a little more nervous every day reading the market technicals that others watch. Personally, I'm hoping to squeeze a bit more out of my AAPL options for the iMac launch and attendant news, but that's all I'm invested in right now. I'll be in all cash by September 1st myself. If nothing big happens by mid-November, but we have a slow decline instead or the technicals improve, it'll probably be safe to jump back in at that point.