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Technology Stocks : Apple Inc.
AAPL 271.01-0.3%Jan 2 9:30 AM EST
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To: soup who wrote (17143)8/23/1998 1:14:00 AM
From: Slugger   of 213177
 
<<Reason for Friday's Runup.

My best guesses are:

1) Belated -- but substantial -- by short-covering by a single -- but substantial -- entity.
2) Major purchasing by a wire house prior to a publicly announced upgrade. Merrill Lynch I bet.

If we don't hear news of the latter soon, I'd expect it's the former. Nobody that screwed up so bad would want it known.>>

I was away from my computer Friday so didn't get to see all the action. Sure seems odd that the stock would shoot up like that without some kind of news associated with it. Would have been nice to re-establish my position around 39 1/2...oh well.
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