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

To: Richard Habib who wrote (16543)	8/12/1998 5:17:00 PM
From: J R KARY	Respond to of 213177

Rich to sum it up Eric sums it up , to AAPL above $ 40 that is ! " For the first time in nearly three years, Apple's stock price has closed above 40 points, the second consecutive 52-week record. The run-up in stock comes amid the pre-launch frenzy for the upcoming iMac, and the roll-out of new desktop Power Macintosh G3 systems. Eric Yang of MacEvolution says the smash through the 40-point barrier is probably due to the fact that for the first, in the past several years, Apple has shown that this quarter will probably show both revenue and unit shipment growth. That growth will most likely be spurred by the iMac, which has already received more than 150,000 orders from dealers and education channels. " maccentral.com I sure like Eric's THIMKING ! , and here's some reseller's views: " ...and some resellers are reporting that the buzz surrounding the iMac is actually increasing sales of Desktop G3 systems." Regards, Jim K. PS: Rich your views have merit but this is a period of euphoria - should extend to Seybold's 8/31 week with Rhapsody's launch .

To: Richard Habib who wrote (16543)	8/12/1998 7:49:00 PM
From: Sam Scrutchins	Read Replies (6) \| Respond to of 213177

I could see a pullback to 35-37 sometime before October. Richard, Those who think Apple will dip back to 35 or even 37 may be badly mistaken. This little pullback from 41 is beginning to look like a nice ascending right consolidation triangle on the 5-min chart. Not sure yet (or ever for that matter), but we could see a nice breakout anytime. Someone else posted a while back that a flat line like that one today is a trader's friend (forget the exact words), and I don't think the direction is down right now. bigcharts.com If we do get a some sort of retrenchment, it is much more likely next week, such as an effort to pin some option strike price or a selloff after the news event. Even then, I would doubt a fall back further than 37 1/2 to 38 in a neutral market is likely (I admit that Apple always seems to move down further than I think it will.). Also, as some have pointed out, Apple could still surprise on the upside even this quarter, given the unknowns about educational sales and the continuing high margin on G3's. Another chart of interest is the All data weekly with Volume by Price and Volume: bigcharts.com This chart shows that Apple has already nearly passed thru the highest volume of resistance based on share sales back to the mid-80's. Given the hype and Apple's relatively low forward-looking PE ratio, the price resistance in the 43-45 range may be easy to break. If sales of iMacs turn out to be outstanding this weekend, I still think 43 to 44 or better before Options expiration is possible. Sam P.S. I learned what to do and what not to do with a strong stock in a market tank. Apple was phenonminal yesterday, but a weak market, followed by a strong recovery doesn't guarantee a further increase in stock price. Just goes to show you that it is a market of stocks. I did manage to trade some August 35's for Oct 40's at good prices and a nice profit.

To: Richard Habib who wrote (16543)	8/13/1998 2:03:00 AM
From: Marc Newman	Respond to of 213177

Rich, I definitely understand being quick to pull the sell trigger when dealing with options. I don't think this quarter is a worry to Apple stock price though. All eyes would be the Christmas quarter, by that point. Japan is down just a third of a percent as of this writing and the dollar is below 147 yen at the moment too. Doesn't the Hang Seng swing 4% every night? :) I think CompUSA has very good reason to push the hell out of the iMac: CompUSA (CPU:NYSE) announced a fourth-quarter loss of 19 cents per share, a penny below the 14-analyst prediction and below the year-ago profit of 24 cents. The computer retailer, which cited the release of Windows 98 and product transition delays for the loss, said it remains cautious about business conditions for fiscal 1999. CompUSA said it expects to see flat comparable-store sales for its first quarter and gross margins for that quarter below the year-ago period but higher than in the fourth quarter. The consensus called for first-quarter earnings of 14 cents per share versus the year-ago 25 cents, and full-year 1999 earnings of 95 cents.