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Technology Stocks : Apple Inc.

AAPL 271.86

-1.0%

3:59 PM EST

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To: soup who wrote (17649)	9/7/1998 9:53:00 PM
From: Phillip C. Lee	Read Replies (3) of 213176

<<Last Monday, I called an analyst friend at around 3:30PM. He said he was watching wave after wave of computer sell orders pound the market down (the "puke stage" he said.) At the end of the day, he noted that the volume and advance decline were worse* than 1987.>> The total market value has been lost $2t from its all-time high in July. I wouldn't believe US could afford to lose any more amount without positive steps. Anyone who holds big amount of money in 401k or 403b is the one who suffers most, not us. However, in the long run, the price will be adjusted back and moved up again. If anybody investing in AAPL or any stocks besides retirement accounts should think tax is a big factor for him/her to hold it longer so IRS won't bite a large share of his/her profits. Therefore, a temporary pull-back won't hurt because he/she will pay less profitable tax if he/she bails out last week. Phil

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