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

To: Moominoid who wrote (16491)	8/12/1998 7:23:00 AM
From: soup	Read Replies (2) \| Respond to of 213177

Think IBM. David (and other traders); Don't outsmart yourselves. As one who believes that technicals take a distant back seat to fundamentals, I think you're best advised to take AAPL at/around $40 as a gift from a higher power. What's different is that AAPL/Jobs has scaled the last rung in the "Hierarchy of Skepticism" with the 150k of iMac preorders -- ie; we now have the revenue growth the Street has been moaning about. Analysts who've been holding that up will either revise or drop coverage. Period. What's really different is Fidelity's disclosure of its 12% (!) stake. Though its reputation has been somewhat tarnished from management turnover, this is still the 800 pound gorilla. It's like the school bully backing up the class nerd saying "Anyone who messes with him, messes with me." The effect of the announcement after Monday's close (combined with the iMac numbers) put the fear of God into the shorts. I'm talking Old Testament. [IMO, the bulk of 15.7 mil. shares purchased above $40 were brief-soilers. Their belief in a merciful-and-forgiving diety was affirmed when Asia-melt kept the exit cost below $45.] >Maybe I'm an antihero but I'd think one or two more days of smaller gains is possible. After that down.< Nightly Business Report said Gerard-Klauer just upped their target on AAPL from $40 to $50. Sounds right to me (short-term). I don't think we'll see any substantive retracing till the high 40s. Better, think IBM when Fidelity accumulated a similar position in 1993 at $40-60 (split adjusted $20-30). quote.yahoo.com If this chart doesn't give you a woodie, I don't know what will. Bottom Line: Stuff as many nuts as your jowls will hold and hibernate.

To: Moominoid who wrote (16491)	8/12/1998 7:51:00 AM
From: Linda Kaplan	Read Replies (1) \| Respond to of 213177

David, That's not impossible. People want to get out ahead of everyone else, so if they feel Apple's going to be finished making its move at the end of next week, they could get out at the beginning of this week. The thing is there will be additional news to move the stock in the coming weeks and months, so giving up one's position can mean missing those moves. As it happened with you, today, and me often enough. When I wrote you this morning you could get it, it would have been possible to enter at around 37-1/2 and to exit (or hold through) at around 41. That's a decent one day move. Pushing through 40 so strongly, and on huge volume, also indicates a future move to 44-45 isn't impossible with the next good news or as this good news is fully digested. If Apple retrenches for a little while, it only makes that move stronger, don't you think? Linda