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Technology Stocks : Apple Inc.
AAPL 260.060.0%12:04 PM EST
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To: Alomex who wrote (17949)9/14/1998 5:24:00 PM
From: Zen Dollar Round  Read Replies (2) of 213182
 
Apple closed down 1.16% on a day the Nasdaq index moved up 1.47%. The drop looked to me like the wall street boyz selling on some forthcoming not so good news. Any ideas what could that be?

I think perhaps it is simply the MMs trying to pin AAPL under a strike price during options expiration week, in this case 37 1/2. It didn't work so well last month, as news of iMac sales was released, but they usually get AAPL to drop a few points during expiry week.

I expect AAPL will start forging ahead again in the week prior to and the week of earnings in October, barring major news in the meantime.
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