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

To: Ryan Bartholomew who wrote (170673)	6/9/2014 3:46:13 PM
From: Art Bechhoefer	2 Recommendations Recommended By Moonray Stock Puppy Read Replies (1) \| Respond to of 213173

this psychology will drive the price up, but at best that's a temporary phenomena The price–earnings ratio of AAPL has for years been below the growth rate, and also compared to many other tech stock P/Es. If there is one lasting psychological effect, it's probably that the P/E will go up to a level consistent with other tech stocks that have similar growth rates. Art

To: Ryan Bartholomew who wrote (170673)	6/9/2014 5:17:44 PM
From: HerbVic	1 Recommendation Recommended By Zen Dollar Round Read Replies (2) \| Respond to of 213173

… So you can make an argument that irrational people will buy a stock at a lower price even through there's no difference in value after the split, and this psychology will drive the price up, but at best that's a temporary phenomena. … True, but it is a real phenomena. It's fairly consistent, repeatable, predictable and trade-able. Riding predictable short term trends may not be the stuff of long term investors, but when it's happening to one's long term investment, it is a phenomena worthy of discussion. What's the problem?