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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Richard Habib who wrote (25238)	6/24/1999 9:56:00 AM
From: MeDroogies	Respond to of 213176

I'm confused by that statement. 1. are you referring to AAPL or ORCL? If it's ORCL...well, it's still climbing and I suspect it will for some time, regardless of the occasional down day to come. 2. I don't understand why a new high is so important when a stock jumps. I suspect that is a momentum player's mentality, but I don't know - that there is a self perpetuating virtuous cycle fueled by new highs. Nothing I've seen shows a true correlation between this type of behavior. It happens, but not in a statistically significant way (but I'm open to proof otherwise). Despite the rumors of AAPL's current problems (true or not), I'm fairly confident that this will impact on earnings and future revenue in a very insignificant way. The reason I have held AAPL and ORCL is because they aren't as well respected, and to some degree both were felt to be "out of the race". Of course, this was clearly wrong. Some people consider this contrarian. I consider it simple logic. Big companies with lots of cash on hand rarely fall "out of the race" for long, if at all. Especially if they are well known and respected brands. Eventually, Wall Street catches up and the long players win.