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

To: Cheeky Kid who wrote (16783)	8/17/1998 11:28:00 AM
From: Sam Scrutchins	Read Replies (3) \| Respond to of 213177

To all, Back from my reunion. Had a great time. Apple broke up and out of a tight flag on the daily charts this morning. I'm surprised at the lack of much volatility today. I would have expected more. I suppose this is a positive sign, leading to the possibility of further up moves today. My broker, who has Level II capability, says there is a fair amount of stock being offered at the price of 41 3/4, but that it will not face any stiff resistance above that point. It also has good support below the current price of around 41 5/8. We shall see. I anticipate exiting most or all of my August 35 position today, and I have placed an order to sell the 42 1/2's against my October position. Hard to call short-term movement on this stock right now, as it probably depends on what announcements come from Apple today or tomorrow. JMHO, Sam