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Technology Stocks : Apple Inc.
AAPL 266.38-0.8%Nov 20 3:59 PM EST

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To: Moominoid who wrote (23221)2/18/1999 7:44:00 PM
From: HerbVic  Read Replies (1) of 213173
 
>>So why was AAPL down today on an up day
for DELL and the market? I guess MSFT was down
too. Linux anything to do with it?
<<

Dell was probably interpreted as having already fallen out of bed. AAPL and CPQ had to give back more on top of what they did yesterday in order to convince investors that 'lowered expectations for the sector' was now built into the price. In fact, I'm not entirely convinced that AAPL has bottomed yet. If we linger much longer at the 36 area, we will be sucked into the 35 or 34 area by the next market downdraft.

I bought some cash with my stock at the first sign of trouble yesterday morning. Glad I did.

I have an uneasy feeling about the way this sell down looks. The volume is rather strong, and the fall has been what I would describe as "metered." Hope I'm wrong with my misgivings. I bought back in near the close today.

HerbVic
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