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 Inc. -- Ignore unavailable to you. Want to Upgrade?

To: soup who wrote (16798)	8/17/1998 4:58:00 PM
From: William F. Wager, Jr.	Respond to of 213177

REUTERS: Fidelity has 12.29% stake or 16,665,531 shares according to 13G filed on 8/10.

To: soup who wrote (16798)	8/17/1998 5:34:00 PM
From: Andrew Danielson	Read Replies (3) \| Respond to of 213177

RE: Soup's selling reluctance Long-term, I agree with your analysis of AAPL. It has amazing potential with enough questions still surrounding it to mean that much of that potential has not been priced in to the stock. Short-term, however, AAPL is overextended. Today now makes 5 out of last 6 days closing 52-week highs. Wow. The stock has appreciated 22% in 2 weeks, and 47% since July 1st. Arguably, the major news has been released. The iMac opener has passed, and the next earnings release isn't until mid-October. Seybold promises more information about the 366 mhz machine and maybe a peek into the Pro line future, but nothing likely to move the stock substantially. This is a perfect time for the stock to settle down a bit, off its highs, and build a more substantial base at these lofty levels. I don't think AAPL will fall precipitously off its lows, nor do I think it is currently overvalued. If one is in for the long-term, I see no reason to get out. From my perspective, however, I had invested in January call options. By definition, options players cannot think just long-term. To me, AAPL has greater downside risk than upside potential at $42+ over the next 1-2 months. Long-term, it's still a dirt-cheap bargain for a company that still has a chance to make some major waves and redefine its industry. Andrew

To: soup who wrote (16798)	8/18/1998 12:05:00 AM
From: Richard Habib	Read Replies (1) \| Respond to of 213177

Soup, your sentiments about Apple being the only stock you felt completely comfortable with was exactly my feelings since Spring. I sold my last 10 Jan 35s at about the 42 mark and I'm now 100% cash. I'm going thru exactly what you described. I follow about 65 stocks and while I've anticipated this coming I've yet to find a stock I'm as confident in either long or short. As far as Apple goes I'm a little less confident since the risk/reward ratio is now completely different - still I feel naked without my Apple postion. Rich