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Technology Stocks : Apple Inc.

AAPL 278.28

+0.1%

Dec 12 9:30 AM EST

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To: Essam Zaneldin who wrote (12027)	4/22/1998 8:13:00 PM
From: Phillip C. Lee	Read Replies (2) of 213176

Essam, Today's drop in the last 15 minutes was due to: (1) 17m shares approved by shareholders will be based on today's price. I am not sure Apple's executives have sold shares to push down the price since it is obvious that the price was intentionally depressed in the last moment; (2) There are too many daily traders involved in this stock. Any individual can play the stock daily using internet's quick execution; (3) Somebody may have already known Microsoft's quarter results 15-20 minutes (by rumors?) which have them trigger "sell" button; (4) No particular news in shareholders meeting, which causes some big investors to be disappointed since 17m shares are not trivial values; Those investors asked for exchanged values for such 17m shares, such as Jobs' title changed. (5) It's the best time for institutions to dump the stock since there is no news from meeting. The executives of Apple are the winners, small investors are losers for today's market as far as I am concerned. Well, the above items are just my own opinions, which doesn't mean they are 100% accurate. Phil

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