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

To: Dan Fleuris who wrote (22697)	1/21/1999 10:58:00 AM
From: MeDroogies	Read Replies (2) \| Respond to of 213182

Fear of the future. Sit tight. Jobs has something coming... As it gets cheaper, it just becomes a better buy.

To: Dan Fleuris who wrote (22697)	1/21/1999 1:34:00 PM
From: HerbVic	Read Replies (2) \| Respond to of 213182

While I can't back it up with hard evidence, it appears to me as though the shorts, facing strong bidding, were trying hard to cover yesterday and reversed when AAPL failed to puncture 42. The odd thing about AAPL is that, just as the Mac OS is heavily outnumbered by Microsoft's nefarious OS, Apple believers are equally outnumbered by detractors. That makes it rather easy for shorts to build their own momentum immediately after a particularly successful buying spree when bidding volume is spent. Keep in mind that these investors don't hate Apple. They just have a preconceived notion that consumers will gravitate toward Windows and Intel. All the talk about a Windows monopoly has them putting their money on the side of the giant in this David and Goliath drama that is yet to be resolved. I'm afraid this trading pattern will continue with AAPL until the company shows sustained market share appreciation. The good news is that today will almost inevitably form a bottom for continued good news. A healthy unit sales report for the month of January will lead to explosive bidding as shorts scramble to cover. The bad news is that any bad news at this point will put us back at 32. HerbVic

To: Dan Fleuris who wrote (22697)	1/21/1999 3:33:00 PM
From: Retiarius	Respond to of 213182

AAPL estimates rise (analysts not walking the talk) zacks consensus now shows .58 for Q2 vs. .54 just seven days ago. FY '99 consensus is 2.67, up from 2.46 in the last week, making the forward P/E now 15. so for all the noise from the more vocal glass-half-empty types, on balance, analysts are becoming more optimistic their truer financial assessment. interesting divergence vis-a-vis flyers like SUNW & IBM, both on record as having made (admittedly lowball) takeover offers to APPL at prices now a much smaller fraction of their own respective market caps. i would not be surprised to see some warren buffet-like value player try some greenmail, pressuring cash to be spent on stock repurchase or quick acquisitions into even faster-growing markets. meanwhile the largest insider, prince al-walid bin talal bin abdul aziz al saud, shows no registered change in position, leaving standing his comments to business week that his goal for APPL is $80/share. investors such as he are usually not satisfied with one doubling...