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Technology Stocks : Apple Inc.
AAPL 273.81+0.5%9:30 AM EST
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To: Sam Scrutchins who wrote (12734)5/5/1998 7:32:00 PM
From: Alomex  Read Replies (3) of 213177
 

From your perspective, would you consider it plausible to see a gap on the opening tomorrow as the shorts panic and cover?

I'm not sure if it will happen tomorrow, but I do expect shorts to clue-in more or less en masse and cause a quick raise or gap in the price.

Everyone has looked for months at this level as a psychological barrier.

I agree that a new one-year high is important. It would have been better if the price had ended over $30 as well (another psychological barrier).

It is interesting, however, that AAPL did not close at its intraday high.
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