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

To: Labrador who wrote (25503)	7/15/1999 10:45:00 AM
From: Russ	Read Replies (2) \| Respond to of 213186

Bought this AM at $53 -- surprised at the drop. I'm not. I've seen it too many times. I had a bunch of July options (45's and 55's) and I dumped them at 3:15 yesterday. I have a small position in August options (47.5, 60) and I'm watching to buy more for next week. I want to have my position nailed down by Monday noon. I still have no idea why this stock drops so badly when it beats estimates. I just know that it still has a nice runup pre-earnings and pre-MacWorld, and you can still make money on it. You shouldn't be able to, because its so obvious, but the pattern persists. This stock reminds me of 1 time I went to the track. I checked the past history on the 4th race and saw that all the horses in the race had been running in the same races, every 2 weeks, same distance, on Saturday afternoon, at that track. This exact same race had been run 3 times before, and the results each time it was run were identical. It was a no-brainer that the winner of the previous 3 times was probably going to win again, but it wasn't the favorite! That scared me, so I didn't bet as much as a should have, figuring the crowd knew something I didn't. The results came in just like the previous 3 times. So, sometimes patterns persist because people refuse to recognize that they do. -Russ

To: Labrador who wrote (25503)	7/15/1999 11:13:00 AM
From: Evolution	Read Replies (1) \| Respond to of 213186

P1 on Nightline? Interesting! On the PowerBook zone ( pbzone.com ): A reader saw a curious looking blueberry portable on Nightline, was it a P1? On last night's Nightline they interviewed the head of IDEO (design company whose worked on several Apple projects). He held up a smallish gray and Bondi blue portable (with built-in handle) and subsequently dropped it from about 4 feet to show it's durability. How could that not be, at least a prototype of, an iBook?