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Technology Stocks : Apple Inc.
AAPL 278.28+0.1%Dec 12 9:30 AM EST
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To: Essam Zaneldin who wrote (10986)4/8/1998 10:43:00 PM
From: Phillip C. Lee  Read Replies (1) of 213176
 
Essam,

Any comments on the last few days trend of AAPL.

I think at least 60%-75% of the total sales this week was from shorts.
The trend was very obvious and clear. In each morning, shorts started
to sell the stock and push it to extremely low, then they covered
back in the last 30 minutes. The pattern will make them earn the
price difference, roughly $0.5 - $0.625 daily. The purposes have twofolds:

(1) To push the price lower which will benefit to them for later
covering back for their original short positions;

(2) To make significant money for the price difference in one day.

Besides, I believe there is some conspiracy involved, although I
cannot prove any of their wrong-doings.

I tend to hold the stock in the long run, thus, there is no difference
for temporarily drop by 10%.

Remember, there is alway unfair in the stock market when comparing
individuals with institutions. The only way to win the battle is to
hold the stock in the long term.

Phil
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