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Technology Stocks : Apple Inc.

AAPL 268.30

-0.1%

12:43 PM EST

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To: Charles Tutt who wrote (7460)	1/8/1998 9:11:00 AM
From: Gary Ku	Read Replies (1) of 213173

Wednesday's action is caused by asian currency devaluation. Dow went down over 100 points then went up to a loss of only about 3 points. NASD will back up later on, as investors are getting used to the asian news. What's more asian currency devaluation doesn't mean their products will be more competitive. They may not be able to afford to pay for new machines, upgrade old machines. The asian currency crisis may or may not happen next Wednesday, even if it does come up again, the investors will ignore it. The price will be up without interruption. The following factors will also contribute to the price surge next Wednesday: 1. The actual earnings reported will be much more convincing than just pre-announcement. 2. January effect will be more dominating. As more and more people realized that tax loss selling is over. 3. Options expiration date is much closer.

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