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Technology Stocks : Apple Inc.
AAPL 271.66-0.7%12:54 PM EST
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To: Marc Newman who wrote (12685)5/5/1998 3:47:00 PM
From: Alomex  Read Replies (3) of 213177
 

how much of that 80 million share action from last August took
place above the price of $29? Not an outrageous amount.

You say "above $29". I say "around $28" which is all the difference.

I don't have the figures handy, but I seem to remember over 20 million shares traded at $25-$28 with another 70 million traded at $20-$25.

Of those, some will be happy just to break even, after spending almost a year under water; others will settle for 10% gains, others for 20% and so on. The end result: 90 million share resistance all the way to $30 or thereabouts...
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