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Technology Stocks : Apple Inc.

AAPL 278.72

+0.5%

Dec 10 3:59 PM EST

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To: chojiro who wrote (28979)	10/1/2000 9:48:44 AM
From: Meathead	Read Replies (2) of 213176

Re: had they released this news at say 2:30 PM... Do you think it would have been much different Yes I do. An overreaction in the highly liquid regular market probably would have taken this stock down 35%-40% pegging the new valuation psychology somewhere around $33. I seem to remember the first few after hours trades somewhere around $36. I think that would have been about the same reaction during regular hours but there would have been far more liquidity to help determine the final settling price. Remember, stocks don't trade for what their worth, they trade for what people 'think' their worth. To let a smaller more exclusive set of traders determine a stocks worth in the wake of bad news is hardly safe or fair. But again, it's only my opinion and impossible to know what really would have happened. The point I'm making is how ridiculous it is to have companies to report after hours so investors have a chance to digest the news avoiding a knee jerk panic reaction that destroys a stock -- yet allow after hours trading with it's weak safeguards, supervision and liquidity to do just that. MEATHEAD

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