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

To: Sam Scrutchins who wrote (21396)	12/23/1998 10:18:00 PM
From: Andrew Danielson	Read Replies (1) \| Respond to of 213173

Sam, RE: 1986/87 comparison Interesting comparison. I wouldn't mind a trip back to 56 in the near future! The past few day's action proves that the market had completely bought into the reports of slowing iMac sales. I believe we were well on our way to discounting an earnings warning with the stock hovering at 32-33. The question is: is the PC Data report enough to completely remove that suspicion from investors' minds? If it is, then we could well be on our way to much higher highs. We were in the low 40's back when our earnings prospects were 2.02 FY99. We're now sitting at 2.47, which means we could hit 50 before any speculative froth gets worked into the stock. On the other hand, we may have to wait for the actual Q1 report for that. . . Andrew

To: Sam Scrutchins who wrote (21396)	12/24/1998 6:41:00 PM
From: Edward Boghosian	Read Replies (1) \| Respond to of 213173

If you would draw a straight line starting from the '91 high and connecting subsequent lower highs, you will see that they fall on a descending line. Which means: Apple has been in a downtrend since '91 but I can see that, about, 46 is a tremendous resistance area. I drew the line with the edge of a piece of paper and I'm not sure whether Apple has gone above this descending line. The observation of the historically high volume of trading may mean that momentum is building up for the price to go up to or penetrate this resistance area or break through this descending line if it already hasn't. Interesting!!