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

To: Eric Yang who wrote (16461)	8/11/1998 4:39:00 PM
From: Andrew Danielson	Read Replies (3) \| Respond to of 213177

Opinions: Late-day sell-off How does everyone interpret the late-day sell-off in AAPL stock? Was it profit-taking from an otherwise heady day? Was it a new wave of short-sellers taking advantage of the lack of late-day buyers to drive the price down? Was it that AAPL provided a temporary safe-haven for day-traders in a turbulent market day, so that we experienced a sell-off as the day ended and the market partially recovered? There seemed to be some support right where we closed, at 39. However, closing a full 2 points off the high is not what I'd call an encouraging sign going into the next few days. On the other hand, I can't believe we'll see all these gains from today given back for no good reason, so a return to under 38 would be surprising. I suspect we'll be down a bit in the morning and then make a re-rally to 40 by the close. Oh, and the butterflies are prepping their wings for the universally sunny day this Saturday. . . Andrew

To: Eric Yang who wrote (16461)	8/11/1998 11:28:00 PM
From: Marc Newman	Respond to of 213177

No iMacs in Berkeley yet. Apparently even the 10-store ComputerWare chain can't rate getting one early for demo purposes. Did note that their blackboard showed the 233 desktop as sold out with a price of $1299. Probably won't be seeing more of those at this location. It's beautiful how Apple is managing the inventory. I was thinking I might pick one up if it hit my target price of $1099, but I think one would really have to hunt for one later this year to ever find it at that price. Sure, there will always be bits of inventory that squirt around, only to find buyers very late in the game, but in general Apple isn't losing the kind of money it used to by letting systems hang around too long. Here's a bit more on iMac production: zdii.com Note that our man Mazzucchelli remains very bullish and that GKM raised targets today from $40 to $50. Also, Apple VP Schiller says tens of thousands will be available on Saturday and the same in new shipments every week. Perhaps we'll get Bear Stearns to raise its target tomorrow? Advertising looks good, including 12 page slick inserts in leading magazines: adage.com Marc