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

To: Moonray who wrote (20695)	11/11/1998 11:37:00 AM
From: Sam Scrutchins	Read Replies (3) \| Respond to of 213182

To all, Now that Apple has dropped to 34 1/2, I think all of us have to ask the question, "What is the market trying to tell us?". This all started with the report about sagging iMac sales. At almost the instant that report was published, the bid price on Apple dropped from 39 3/8 to 39 on almost no volume, indicating to me that the MM's knew the report was to be a serious drain on Apple's price. While the rest of the market and the boxmakers have enjoyed wonderful price increases, Apple has continued to drop. My guess is that there is some truth to the sagging sales, and the market doesn't like it. I suspect also that some investors are taking long-term profits, while others are wary of MSFT's intent to get even with Apple. This stock is likely to continue its decline until some evidence arises that it will again beat estimates come January. Comments? Sam