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Technology Stocks : Apple Inc.

AAPL 272.92

-0.2%

2:05 PM EST

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To: Richard Habib who wrote (17375)	8/28/1998 9:24:00 PM
From: Marc Newman	Read Replies (2) of 213173

Richard, did you happen to catch Jerry Favors on CNBC right before the closing bell? When pressed by Ron Insana, Favors admitted that his Dow target is around 6600. But what was really amusing was the look on Favors' face. It was like he was trying to stifle either a giggle or his embarrassment. Half his mouth turned sideways, almost walrus-like with the mustache. (I like the guy, btw.) <<Ever occur to you that most 3rd world countries are net sellers of commodities? What happens when countries that depend on commodity prices lose a significant percentage of they're GDP?>> Doesn't this mean we get to buy the rest of the world on the cheap? Unlike say the Japanese paying top dollar for US properties in 1989? Not saying it offsets anything, but its not all negative. Cramer keeps maintaining that Citicorp is going to use this opportunity to become king of the hill internationally along with the rest of our banks. On the pc-side, it means that Apple's components keep getting cheaper. Maybe the $999 iMac will happen by Christmas after all. I like Apple a lot more at these prices than I did at $40+. I can see decent upside again. When things settle down. Keep the info flowing, Marc

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