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

To: David Bogdanoff who wrote (59628)	12/27/2006 2:03:57 AM
From: Lee Nelson	Read Replies (1) \| Respond to of 213182

Regarding the search for an explanation for the recent downtrend, someone on the Yahoo AAPL board made an oblique reference to the idea that pension funds and other tightly regulated or highly conservative accounts may be selling simply because AAPL is late with their regulatory filing. I have no idea though how many shares might have been owned by such entities. It sounds like a plausible contributing factor to me, what do you folks think?

To: David Bogdanoff who wrote (59628)	12/27/2006 7:10:43 AM
From: NAG1	Respond to of 213182

David, You may be writing off profit taking a bit too soon. Remember that there are plenty of traders that will sell off after a certain percentage decline. I have seen people vary between 5 and 10%. And while the 10% is a little higher than Apple's fall from its former highs, there are some that don't reset their stop loss points on stocks that have been a little more volatile so as not to get stopped out. The stock is still up over 10% for the year but is up around 60% from its lows of the year. Profit taking and stop losses are, I think, reasonable explanations for the stocks behavior. With regards to the options issue, I think it is always wise to hire your own counsel in instances like this. The company lawyer is there to protect the company, not any individual. The fact that Jobs hired counsel is a wise move on his part and may look worse than it should. I do think that if he really had anything to worry about, he would have hired a lawyer at a much earlier point in time. It sounds like Fred Anderson and another former Apple employee named Heinen are the ones that really need to watch out on this. I do remember Andersons options being granted at a very favorable time. The news about fake documents is new but it was found by Apple's internal investigation and not by the SEC but it was turned over to the SEC by Apple. Because of this, it doesn't appear that Apple is trying to hide anything from officials and I think we will eventually find out what happened. In the long term, I think the option scandal means nothing to the present day shareholder but is a bit of a distraction. It really shouldn't make much of a material difference on any of Apple present day quarterlies. It does depend on how the market takes it. Neal