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Technology Stocks : Apple Inc.
AAPL 278.28+0.1%Dec 12 9:30 AM EST
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To: Eric Yang who wrote (5950)11/6/1997 4:48:00 PM
From: Phillip C. Lee  Read Replies (2) of 213176
 
Eric,

Apple's performed pretty well today regardless other tech stocks
plunging. However, it seems 19 is a resistant point either
upwards or downwards, and hence it closes at 19. The clock is
ticking, only one and an half days are left for the big event.
I wouldn't be able to sleep well if I hold short. However,
today's performance benefits to the short holders. The price
was artificially held around 19, the volume was about three times
of its daily average. There is short coverage or new buying
positions at today's activity, which nobody knows. But, I
believe it is only a very small portion of short coverage, based
on patterns.

Phil
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