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Technology Stocks : Apple Inc.

AAPL 260.36

-0.7%

3:59 PM EST

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To: Mark Palmberg who wrote (16904)	8/19/1998 2:16:00 PM
From: Zen Dollar Round	Read Replies (1) of 213181

Here's the way I look at it: Steve Jobs has TWICE now managed to create something out of nothing (the first time with a little help from Woz and the second time actually starting with LESS than nothing). Now that he has the resources of a much more finely-tuned company to support his plans, how can you bet against him? I just don't understand jumping in and out of the market that way. Guess I'm just a let-it-ride kind of guy. You "let-it-ride" types are just now seeing AAPL stock valued at what it was in November of 1995 -- that's nearly three years ago! I had this argument once with a "buy-and-hold" type too. If you're going to ride a stock all the way to the bottom like AAPL, you had better be averaging down the whole time while doing so. Anything less is financial suicide. There's no excuse for being asleep at the wheel while a company pisses away your hard-earned cash through business blunders the way Apple has previous to late last year.

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