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Technology Stocks : Apple Inc.
AAPL 274.11-1.5%Dec 15 3:59 PM EST

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To: RX4PROFIT who wrote (10565)3/31/1998 10:57:00 PM
From: GS_Wall Street  Read Replies (3) of 213176
 
Merill Lynch sat on the bid all day long by himself, and bought everything in sight until the final one and a half. Where some major sell programs hit the street. At that point he left and the stock fell fast to 27.25. It rebounded nicely back to 27.5.

If the sell program did not hit I would have been looking for ML to push the stock up significantly at the close. This makes him look good for his customer. I bought you a million shares at 27 5/8 and the stock is now at 27 5/8++. maybe a push up tommorrow by ML.

Goodman Sachs was selling against ML for the first couple of hours but eventually left. GS has been a big buyer of Apple the past couple of weeks maybe he was just taking some profits.
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