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Technology Stocks : Apple Inc.

AAPL 270.98

-0.3%

3:59 PM EST

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To: HerbVic who wrote (18551)	9/26/1998 8:29:00 PM
From: Phillip C. Lee	Read Replies (1) of 213177

Well, some banking and security firms exposured to hedging funds have been cut in half in their stock prices since July. How far they can endure their market values losses is uncertain. However, Fed will do its best to stabilize the situation. Soros has suggested lowering interests prior to Greenspan's congress hearing. However, Mr. Greenspan reacted slower than what Soros suggested because Soros know more about what's goning on with hedging funds than Greenspan. It's not late to act next Tuesday to more or less stimulate the banking as well as security firms business. More regularations may be required to slow down the growth on hedging funds on investment amount in a given time frame. I think the hedging funds situation will impact on the banking and security firms more than on high tech stocks. Phil

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