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Technology Stocks : Apple Inc.

AAPL 270.98

-0.3%

3:59 PM EST

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To: Alomex who wrote (4532)	8/27/1997 11:26:00 AM
From: soup	of 213177

Just when you thought it was safe to go back in the water ... >Very true, but MacMoonies here ...< Just when I thought you had outgrown the cheap shots. Oh well ... > ... tend to ignore those facts ...< Ain't ignorin' nothin'. A priori, all stocks are correctly priced at all times visa vi their perceived value relative to alternate investment opportunities. Price fluctuations, in the absence of news (announcement of a new CEO or a major licensee of Rhapsody) represents how a particular group of investors values different parts of the story at that moment. My difficulty with your very healthy and welcome skepticism is that you seem overly fixated on today and yesterday and not much on tomorrow. AAPL's current price represents past problems -- balanced by its future prospects. I have no problem with how the market values it today ... or yesterday ... > ... and reply with their own chant which goes: "user loyalty, advanced operating system, graphic niche, educational niche".< Yet I believe, that those qualities will prove operative in people perceptions of AAPL tomorrow. Why not take those floodlights and move them to the front of your car. Then tell us what you see. soup

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