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Strategies & Market Trends : Guidance and Visibility

AAPL 248.05

-0.1%

12:42 PM EST

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To: Jorj X Mckie who wrote (75350)	9/29/2002 3:44:16 PM
From: Dave Gore	Read Replies (1) of 208838

Jorj, what I usually find is that people say a lot of things and sometimes don't really think in depth about them. You said, I believe, that back in January you cited potential problems about credit companies. Well it was $22 at the time so why did it run up to $46 by late April? See, these problems about how risky the subprime lending business is, have been known for some time. That explains the drops in price, but what explains the massive rallies, even with all these problems? It ran up to $60 in 2001 Then, after dropping to $14 in late Oct. 2001, it ran $46 in Spring 2002. It wreaks of manipulation to me. Have you ever a stock perform this way over a rather long period of time, when the risks were known all along? All I am saying is the fundamentals hadn't changed, so why the massive volatility.

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