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

To: Marc Newman who wrote (16636)	8/13/1998 8:40:00 PM
From: Barney Dunn	Read Replies (3) \| Respond to of 213177

here is my sources of resource drain to keep up with demand of Imac news.com Will iMac drain resources? <<.......the company will have to perform a delicate balancing act to get its other products to market in timely fashion. Sources close to Apple mildly say employees are being moved from various production lines to work on iMacs, with the inevitable result being lower numbers of other systems being built. That could be particularly problematic to production channels for the popular PowerBook portable and high-end desktop G3 systems. The PowerBook G3 notebooks were introduced in May but largely overshadowed by the iMac fanfare, and some of the more expensive models have been available only in limited quantities. The company has to produce more iMacs to make the same amount of money it could generate by selling fewer of the more expensive G3 desktop and notebook systems. If iMac sales taper off too quickly and there is simultaneously a lack of high-end products, revenues could be negatively impacted. ...>>>>

To: Marc Newman who wrote (16636)	8/14/1998 1:13:00 AM
From: Sam Scrutchins	Respond to of 213177

Sam, a while back people were saying that AAPL had resistance at 32 and then no real resistance until 42. Marc, I have to get ready for a trip to Florida, so I don't have time to give a proper response to your questions. It's my 35th high school reunion with people I'd go anywhere in the world to see, at least every five years. I will try to respond in detail Sunday night when I get back. Suffice it to say that the point of resistance depends on which Volume by Price chart one examines. The longer people have held Apple stock, the longer one should go back to determine resistance levels. If investors still have a position from the mid-80's as I do, then we are in the midst of the resistance between 39-42 (Look at my post yesterday of the day before that Phil commented on.) If one thinks that most Apple investors are shorter term players, then the resistance calculates better at 42 or so (I need to do a timeline comparison to verify this.). In other words, we may be passing through the resistance right now. The market on Thursday (still today on the west coast) was, IMHO, brutal. Apple held up well, but the Asian situation is really dragging on stock purchases. This may strengthen resolve to exit a position in Apple right now. On the other hand, the iMac hype is in full force, and the stock could/should enjoy a surge tomorrow and on Monday, perhaps Tuesday as well. It is possible that Apple will break through any resistance at this level. If it happens, and while I think pull backs are probable between now and Seybold and between now and Q4 earnings, this stock could explode into the 50's. It really depends on both the market and on iMac sales. PB's and other G3's are probably icing on the cake right now. More Sunday night or Monday morning. Sam P.S. (late addon) The S&P futures are up 4.50 as I speak. This bodes well for a comeback tomorrow, but things could certainly change.