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Technology Stocks : Apple Inc.

AAPL 271.84

-0.4%

Dec 31 3:59 PM EST

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To: Eric Yang who wrote (16461)	8/11/1998 4:39:00 PM
From: Andrew Danielson	Read Replies (3) of 213177

Opinions: Late-day sell-off How does everyone interpret the late-day sell-off in AAPL stock? Was it profit-taking from an otherwise heady day? Was it a new wave of short-sellers taking advantage of the lack of late-day buyers to drive the price down? Was it that AAPL provided a temporary safe-haven for day-traders in a turbulent market day, so that we experienced a sell-off as the day ended and the market partially recovered? There seemed to be some support right where we closed, at 39. However, closing a full 2 points off the high is not what I'd call an encouraging sign going into the next few days. On the other hand, I can't believe we'll see all these gains from today given back for no good reason, so a return to under 38 would be surprising. I suspect we'll be down a bit in the morning and then make a re-rally to 40 by the close. Oh, and the butterflies are prepping their wings for the universally sunny day this Saturday. . . Andrew

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