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

To: Golden Bear who wrote (21364)	12/22/1998 5:29:00 PM
From: rhet0ric	Read Replies (2) \| Respond to of 213173

Assuming that the reason for AAPL's lame performance in the last few months has been the belief that iMac sales were disappointing, this news release from PC Data could turn everything around and bring AAPL back to where it should be. So where should it be? Well, it was around this same price (38) at the time of Q1 results in October. Then they blew away earnings, the market rallied, and now Q2 results are looking really good. None of this has been factored into the price yet. So we should easily see jump into the 40s, imho, over the next week or two; with any luck, we could hit 50. rhet0ric

To: Golden Bear who wrote (21364)	12/22/1998 5:46:00 PM
From: HerbVic	Read Replies (2) \| Respond to of 213173

Whatever the November short interest was, it increased going into December. There was a lot of covering in the 32 to 35 range but, judging by the way the MMs dug in at every psychological resistance point, there is a short squeeze play in progress. Their strategy will likely be to wait out this flurry of Apple polishing and seek to cover later in the week or next week when the flood of new buyers slows to [what they hope will be] a trickle. Their problem is that EVERY tidbit of information in the current Apple polishing news, hits their collective short positions like a nine pound hammer! Tomorrow's open will break the 38 barrier. 39 1/2 will be the next Waterloo. HerbVic :o)