Apple Computer (AAPL): Analysis and Forecasting Message Board

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Technology Stocks : Apple Computer (AAPL): Analysis and Forecasting

AAPL 258.33

-0.6%

3:59 PM EST

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To: Andrew Danielson who wrote (258)	7/14/1998 12:17:00 AM
From: Jon Tara	Read Replies (2) of 692

Andrew, it's obvious you've never done daytrading. What you observed, that you have never seen before, is seen every day. It's called a "flat". A common axiom is "a flat is your friend". When I was daytrading (unfortunately, I don't have the opportunity of late) this was my favorite spot to buy. In fact, I bought on a flat the other day when I bought at 31 7/16. It wasn't as big or spectacular a flat as today, but it was the one that convinced me. I bought, then shut off my computer, went to work, and forget about it, know that the flat was my friend. :) If I'd had some additional funds I wanted to invest today, I certainly would have done it on that big afternoon flat. No brainer. Please don't blame the MMs, though. There are all sorts of reasons for this to happen, and it's more likely one or more big buyers are sellers with a price and discipline than it is MM "manipulation". There are too many market-makers in a big stock like Apple to pull-off the kind of manipulation you are suggesting.

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