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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: TimbaBear who wrote (16992)	5/6/2003 11:09:56 PM
From: sjemmeri	Read Replies (3) \| Respond to of 78661

Even as 'Wallace and Grommit' were making opposite moves in CVS, I was selling AAPL today while MadHarry was buying. I just think the spike is too much too quick due in part to relief at no huge acquisition (yet?) but in part over-reaction to modest initial success of music sales. One million songs at about $ 0.34 each to AAPL isn't much revenue (I think royalties are 65 cents). Granted in the long run, it could grow quite a bit but, in the short term, it's a drop in the bucket. Like Wallace, I feel the market's moving too fast. I'll watch for a pullback.