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 Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Kurt Starnes who wrote (16242)	8/4/1998 11:57:00 PM
From: soup	Respond to of 213182

U.S. mutual fund investors show no signs of panic. via Yahoo! By Cal Mankowski NEW YORK, Aug 4 (Reuters) - The sharp pullback in Wall Street stocks since new highs were reached in mid-July apparently has not unnerved mutual fund investors, a spot check with some leading fund companies showed Tuesday. A spokeswoman for Fidelity Investments, the largest U.S. fund group, said after the stock market close that there were positive inflows across the whole fund complex with ''essentially negligible'' movement from stock funds into bond funds. Fidelity has about $626 billion in fund assets under management. The Dow Jones Industrial Average fell 299 points to 8487 Tuesday, a drop of 3.41 percent. Analysts said continued worries about Asian economic woes and concerns about a slowdown in the United States and the impact on corporate profits contributed to the decline. A spokesman for the Janus Funds group said a spot check around the middle of the day Tuesday showed a ''bias toward buys'' with people moving from money markets to stock funds. She said the $93 billion fund group was getting lots of telephone calls but, ''we're not seeing panic.'' A spokeswoman for Dreyfus Corp., a unit of Mellon Bank Corp. (MEL - news), said there has not been any pickup in redemption activity recently and the company is seeing, ''business as usual.'' She said Dreyfus has a policy of not making specific redemption figures public. Scudder Kemper Investments, which manages three fund groups with over $100 billion in assets, characterized Tuesday's activity as a non-event. The group includes the Scudder, Kemper and AARP funds. A spokesman for The Vanguard Group, the second-largest U.S. fund complex with $400 billion in assets, said in late afternoon that inflows into stock funds remained positive.

To: Kurt Starnes who wrote (16242)	8/5/1998 12:04:00 AM
From: soup	Respond to of 213182

AAPL Corrections. by RodgerRafter cribbed from Yahoo! AAPL >AAPL has gone up a lot this year, but it has also had some big corrections along the way. I went back and looked at AAPL's intraday highs and lows to see how much it has corrected at various times this year. Here are the corrections that included drops of at least 6%: 1/5 -> 1/6 The MacWorld build-up, and heavy accumulation turned into profit taking, and... 16 9/16 -> 14 3/4, -13.4% 1/6 -> 1/8 The short squeeze following the surprise profit announcement at MacWorld pushed us quickly to a high of 20, then... 20 -> 16 15/16, -15.3% 3/16 -> 3/23 We rode a long wave of accumulation to a high of 27 1/4, 4 days before March expiry, but... 27 1/4 -> 24 5/8, -9.6% 3/31 -> 4/8 We shot back up, right after expiry, but accumulation dried up, the market rally stalled, and... 27 13/16 -> 24 11/16, -11.2% 4/20 -> 4/28 The big earnings "surprise" shot us quickly up to 29 1/2, but expiry, profit taking and a market sell-off all came along at the wrong time, and... 29 1/2 -> 26 1/4, -11.0% 5/11 -> 5/27 A new 52-week high, the Hardware Strategy announcement (including the iMac) and the WWDC pushed us up to 31 5/8, but expiry, profit taking, and a broadly declining market... 31 5/8 -> 25 5/8, -19.0% 5/28 -> 5/30 The 5/27 selloff turned into an equally quick rebound, but... 27 7/8 -> 25 5/8, -8.1% 6/10 -> 6/19 June started off well, but then the techs started sliding, and... 29 -> 26 3/4, -7.8% 7/16 -> 7/28 For the first half of July, everything was going right, then expiry, profit taking and a huge market correction... 38 1/8 -> 33, -13.4% 7/31 -> 8/3 AAPL bounced back quickly to 36 3/4, much like it did in May, but... 36 3/4 -> 33 1/4, -9.5% Today we moved quickly up to 36, before dropping 5.6% (to 34) during the day and closing at 34 3/16. My own feeling is that both AAPL and the broader market are done sliding. However, the road to 200 will certainly be a rocky one. Rodg.< He's good.