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Technology Stocks : Apple Inc.
AAPL 271.86-1.0%Dec 17 3:59 PM EST
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To: Zen Dollar Round who wrote (12014)4/23/1998 1:24:00 AM
From: Sam Scrutchins  Read Replies (1) of 213176
 
I see that AAPL dropped dramatically in the last 20 minutes of trading today. It was only down 1/2 most of the day, then dropped another full point in the last 20 minutes to close at 27 1/2, down 1 1/2.

I watched this stock closely for the last hour or so. Most of the drop came on less than 100,000 shares, and most lots were small. It is pretty clear to me that the MM's used the excuse of a lack of announcements at the shareholder's meeting, and the attendant lack of significant buyers of the stock, to rapidly drop the price at the close. Literally, the stock would tick down on sales of a 1,000 shares or so. The MM's would not come in to support the stock. letting it fall. Why you might ask? Simply to enable themselves to replenish their inventories at lower prices in anticipation of another runup with the early May announcements. Watch and see. I'll bet you want see the stock ticking up on every 1,000 share trade.
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