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Technology Stocks : Apple Inc.

AAPL 283.32

+1.6%

Dec 1 3:59 PM EST

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To: J R KARY who wrote (6902)	12/19/1997 8:56:00 AM
From: Phillip C. Lee	Read Replies (1) of 213173

Apple's stock price went south mainly due to the overall weak tech stocks. If you look at Orcl, Sgi, Msft, etc..., you would notice that the entire sector was pretty weak this week. Apple authority has been quiet for sometime, which I believe is Apple's new board's policy. Of course, there are some "experts" from statistics collection companies who pretended to understand the status of Apple current situation and provided their negative opinions. The current price is heading towards 10 year low. In such situation, I wonder who sells the stock since very few people can profit from selling transactions unless short positions have been built up with a slow pace again. Today's triple witchings as well as Asia/Europe stock plunges may fuel Apple worsening and heading towards south again. However, short sales at this level are not attractive due to its coming events, quarter report, as well as overall stock's January effects. It would be interesting to see how low Apple would go before moving back to the normal level. Phil

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