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

To: Slide Rule who wrote (16360)	8/9/1998 10:17:00 AM
From: Phillip C. Lee	Read Replies (3) \| Respond to of 213177

Slide Rule, There is a chance to play such tactics on Apple, however, the trend still follows overall market performance. We all have known iMac sales are going to be amazingly well but don't know how good it is. Some predicted 300,000 for this quarter, while others said 400,000, or even 500,000 pots. In general, the sales are unbelievable and some good news may have factored in the price partially. From last week's Apple performance, it's clear that Apple stands very firm even the overall market slided 300 points in one day. For day traders, it's rare opportunity for them to get profits due to its wide range swing. I think you could bet that Apple will advance when the market recovers some of its loss last week. If you want to play such tactics, then probably you are waiting for news of preorder amount from officials, which is likely to happen on Saturday (August 15th) in order to boost further sales. Well, I still believe playing short term is risky, but, Apple actually already provides excellent conditions for day traders to stick around since its trend is up and the earning prospects are significantly improved. If you get stuck at $40, you will get it back when Q4 results are announced in the mid of October. Therefore, the probability of losing your shirt appears pretty slim. Phil