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

To: Edward Boghosian who wrote (16468)	8/11/1998 8:12:00 PM
From: Phillip C. Lee	Respond to of 213177

It's not a bad day for Apple that reached again close yearly high at $39 while it also hit the intra-day's high at $41. The profit-taking kicked in in the final hour, which pulled down about $1 - $1.5 during this short period. Well, Apple was lucky enough to meet the market huge slide with its own good news. However, it managed to stay at the positive territory in the entire trading time. The good news won't get discounted and it will show its values in days ahead. I think overall market will get some recovery tomorrow, which will push Apple upward again. I believe the good news announced yesterday has been factored into the price today at the lower bound of price expectation. It will gain back to above $40 as long as the market starts recovering for the rest of the week. Phil