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Technology Stocks : Apple Inc.

AAPL 270.82

-1.0%

3:59 PM EST

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To: soup who wrote (18107)	9/16/1998 8:53:00 PM
From: Phillip C. Lee	Read Replies (1) of 213177

<<Man, more posts with less said (about the putative subject.) Someone want to comment about why AAPL was down 7/8 today?>> Somebody (not necessarily money managers) were playing hedging game via selling stocks and buying call options, particularly in the final 30 minutes with less activities than normal. They bet on Jobs' speech tomorrow - rally first than profit-taking kicked in, so they can sell call options then buy back stocks later. Phil

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