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

To: Marc Newman who wrote (28826)	9/29/2000 2:46:27 AM
From: greggcap	Respond to of 213176

Dude, bad news should never be released. That way we can all stay blissfully ignorant. <g> gregg

To: Marc Newman who wrote (28826)	9/29/2000 8:41:03 AM
From: Richard Streetman	Read Replies (2) \| Respond to of 213176

Marc, AAPL was halted in after hours trading for the announcement. It opened at 36 1/2 and sat there for a few minutes. If you had trading software that allowed trading NASDAQ til 8:00PM you could have gotten out. It then dropped steadily to 28. Fair? I bought at 28 this morning before the market opened. Will be an interesting day. Good luck to everyone. I remember when AAPL was at 14 3/4 and I owned it at 21. Don't lose faith.

To: Marc Newman who wrote (28826)	9/29/2000 10:50:22 AM
From: Scott Bergquist	Read Replies (3) \| Respond to of 213176

Marc, I can understand your reasoning, but for afterhours, some people =cannot= trade afterhours, and the rules are restrictive, so the "nimble" argument is somewhat negated. Everyone has their "horror stories" of all sorts of news. Unfortunately, the market is a different animal these days. Ten years ago, there was no internet trading, and an announcement like AAPL's would have been maybe a 10% drop. It is not as if they announced losses. Now, everyone extrapolates, because you see an Intel or Apple take a huge hit, so you figure ALL bad announcements will cause major damage..even collateral damage (e.g. YAHOO on Priceline announcement). I foresee many people exiting the markets in the next 12 months, for just this reason. If so goes INTC, where goes your Malibu cos. for simple "business vagaries"???

To: Marc Newman who wrote (28826)	9/30/2000 11:03:16 PM
From: Meathead	Read Replies (1) \| Respond to of 213176

Re: After hours trading.. IMO, releasing bad news after the bell causes far more damage to a stock than what would normally transpire during normal trading hours. It's absolutely insane to let a thinly traded panic driven market dictate the 'psychology' of stock pricing in the wake of bad news. Once a price point has been achieved, it's virtually carved in stone and that's about where it's going to open on the next normal trading day. This can happen on the first after hours trade with subsequent reduced liquidity for support. The whole point behind reporting after hours is like you said so everyone has a fair chance to digest the news. It's supposed to keep stocks from getting creamed. Thanks to the magic of after hours trading, I guess Apple investors can thank their lucky stars that they escaped with only a 52% beheading from a moderate earnings reduction. IMO, the rule is useless and they should just let companies report during regular hours where years of measures have been put in place to help stabilize periods of extreme volatility. MEATHEAD