Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Computer (AAPL): Analysis and Forecasting -- Ignore unavailable to you. Want to Upgrade?

To: WebDrone who wrote (419)	8/17/1998 10:35:00 PM
From: Jon Tara	Read Replies (1) \| Respond to of 692

I think that on Friday there still was considerable doubt about how successful the iMac sales would be over the weekend. It turns out to have been one of the most successful new computer product rollouts ever. I certainly think there are at least 2-3 more up days to go before a pullback. I'm looking at the calendar now, rather than the price. This kind of a flag breakout is almost always sustained for several days. (I'm being conservative saying 2-3 - could be a week or more of succesively-higher closes). Many traders are going to look at the AAPL chart tonight and see the breakout, which should get us some buying tomorrow. Today was probably considered by many to be one of the "safest" days to buy AAPL, on a breakout during the day. With that breakout now on the daily chart, others will see tomorrow as a great time to buy.