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Technology Stocks : Apple Inc.

AAPL 278.85

+0.5%

Nov 28 9:30 AM EST

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To: Dr. Id who wrote (22462)	1/14/1999 12:36:00 PM
From: rhet0ric	Read Replies (2) of 213173

I'm getting tired of holding a stock that the street obviously doesn't like I think we're overreacting a little. Just as a general comment: price moves often tend to appear irrational in relation to news, and it's easy to be skeptical and invent conspiracy theories; in fact, I think things are mostly rational, even with AAPL, but that the moves happen before rather than at or after news. I don't see today's drop as a response to the earnings announcement. I see it as short-term profit taking. The rise in advance of earnings happened in late December (AAPL was trading at $32 in early December, remember). $32 to $46 in one month is pretty damn good. That's a 45% rise or something. And I expect that once the profit-takers are out, we'll once again move up. rhet0ric

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