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Technology Stocks : Apple Inc.

AAPL 273.67

+0.5%

Dec 19 9:30 AM EST

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To: devil ray who wrote (11783)	4/18/1998 2:50:00 PM
From: Randy Tidd	Read Replies (2) of 213177

> I don't think this stock is affected by market makers manipulation. > On the Ascend thread everybody was talking about it all week. They > said the mm's were keeping asnd at or below 40. Then on friday it > closed over 42, so I think that theory should be tossed out the > window. The simple reason it went down yesterday was that more > shares were being sold than were being bought. I have always been skeptical of these "market manipulation" conspiracy theories. I guess it's tempting to believe that there is an organized group of ultrapowerful individuals that can bend the price of a stock to their will... maybe it's the same people that have Jimmy Hoffa's body? Maybe there will be an X Files episode about this soon... However, I suppose market manipulators provide as good an explanation of the day-to-day stock price movements as any. The daily movements of a stock are under the influence of so many variables that the activity is effectively random. If anyone out there can demonstrate to me that they can predict the short-term movements of a stock based on anything besides luck, I'd be highly impressed. But you shouldn't waste time talking to me since you could make yourself a billion dollars. It is more interesting to take a longer-term view of the stock. I think Apple's picture over the next 6-9 months is pretty good. They've demonstrated that they can combine a hot product, strong marketing, and operational efficiency to run their core business. Selling 3,600 computers per DAY is not the sign of a dying company. I'm very interested to see what they announce at WWDC on May 12. Randy

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