Jim,
It is an interesting market for Apple so far. Initially, somebody
(e.g. probably Power striked, I couldn't think of anybody who is so urgent to do such damaging matter) dumped 800k+ into the market to
severely depress the prices, then continuously selling pressure kept
the price around $17.5, with over 4M shares. It seems only few took
into consideration regarding rumors from Recon and MacosRumors.
However, I enjoy their spectulative reports. It is understandable
that if some big guys want to depress Apple's price, the task wouldn't
be so difficult due to its rather small market value as opposed to
companies such as Microsoft, Oracle, IBM, or AT&T.
Fundamentally, Apple is in excellent condition, so I wouldn't worry
about its temporary downturn. Actually, this is a nice shake-out
to prepare for the next price turnaround.
Phil |
