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: stokaholic who wrote (21578)	1/2/1999 6:52:00 PM
From: rhet0ric	Respond to of 213176

Am investigating buying on Monday--what is the conference that Jobs will be speaking at this week? Macworld San Francisco, the largest annual Mac event. What is he likely to say? See this page for details: appleinsider.com Are good sales for iMac already built into analyst earnings projections, or will this conference plus upcoming earnings drive AAPL to a new high? The price hit its 52-wk high of $43 in the summer on expectations of high iMac sales. Then earnings was announced and, although it blew away forecasts, the stock didn't respond. Sales of iMac in Q3 (Apple's Q4) were 278,000, which is very high, but some people had been guessing higher. Then reports came out that iMac sales were falling off, and the stock languished, hitting a low of (I think) $32. Shorts jumped into the stock. Finally, last week, these reports were contradicted by news from PC Data that the iMac is the #1 selling computer in mail order/retail, and the stock jumped again, reaching $41 1/2. Personally I don't think that good iMac sales are fully built into the price yet. I also don't think we have seen the full effect of the short squeeze. And then there is the Jobs factor: no one knows what he may announce on Tuesday. All of these factors should lead to a price jump early next week and, if Jobs reports good things, a continuation thereafter. Finally, most people on this thread would say that Apple will beat earnings in January, which report is a couple of weeks away. So all in all I would say it's a good time to buy. Check out this excellent site from SI poster Eric Yang for more details: macevolution.com Good luck. rhet0ric