nrunyon%peruvian.utah.edu@cs.utah.edu (Neil Runyon) (10/12/90)
>I personally can't answer for Apple, but has anyone else be watching their >stock lately? I've watched Apple stock on NASDAQ for several years and it is >really in the dumper, despite the immiment debute of 3 new Macs. The closing >price on 10/10/90 was around 26.5 which is really scary when you realize that >the stocks reached 50 right around the time the IIfx debuted. Do you think >Wall Street heard all the flames here and nobody wants to touch Apple stock? Actually, as a shareholder in Apple stock, I also whatch what goes on with the price, and Apple always seems to dump around October through mid- December. Also, The economy is not great at the moment (obviously) and the computer companies are some of the first to get hit when money is being saved and not invested. If Apple have done a real downfall (like Digital, down 150 points since Oct '87), I would wonder, but as it is I do not think it is a real big problem at the moment. Apple use to hang around 25-30 when the Dow Jones was this low in the past. Also remember that the Market on a whole is down a bunch. The richest stock on the big board, Berkshire Hathaway has dropped from 8000+ a share to 5600 as of closing on the 10 of October '90. This is a powerful company with no problems with it, it is just a trend in the market at the moment. Apple stock should be fine as long as it stays above 15 or so. Also, watch it closely...it could become a 'real buy' quickly if it shows signs of shooting back up. It should level back to 35-40 in March if not earlier. Neil - Still picking winners... ----------------------------------------------------------------------------- Neil M. Runyon |Apple IIgs ROM 1 Woz Machine, 1.75 Megs RAM, University of Utah - CS Dept | 62.5 Meg Hard Drive, 4 Speakers, and a Sony. nrunyon@peruvian.utah.edu | An Apple ShareHolder & I want a NEW Apple II!