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Where were you on September 29, 2000, when AAPL dropped more than 50% in a single trading session?

Probably banging my head on my desk, sitting in front of my computer, and asking myself why I didn't sell everything the day before.

Yes, I lived through it and held all my AAPL holdings, and eventually AAPL recovered. But it wasn't until 2004 that it was at the level it held before that giant drop.

But just as I couldn't have foreseen AAPL's drop in 2000 -- and this month's drop is far less unexpected -- I also couldn't have foreseen AAPL's eventual recovery.

Not if I'm honest. Nobody could have foreseen that recovery. Sitting smugly with the benefit of hindsight is utter bullsh*t.

If I had known that AAPL would recover in 4 years, I could argue that I should also have known that it would drop like a rock in 2000 -- and therefore should have sold everything before Sept 29, 2000 and then bought it all back -- and more -- the day after.

Things are different now, yes. Just as people might not remember how far Apple has come since 2000 with the iPod, iPhone, etc., people are even more likely to forget how far Apple had come in 2000 since the days of swirling the drain under Spindler and Amelio.

While I might not believe that AAPL can drop 50% in one day, dropping 20% in a couple of weeks is clearly not out of the picture.

-awlabrador
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