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Technology Stocks : Apple Inc.

AAPL 267.46

-1.9%

3:59 PM EST

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To: Golden Bear who wrote (21976)	1/6/1999 7:26:00 PM
From: HerbVic	Read Replies (4) of 213173

"2,002 contracts were purchased of the Jan 27.5 Calls." In the money calls this close to expiration? Looks like a hedge on a BIG other way bet. It could mean that this dribbling of the ball is about to end in an attempt on the basket. Anyone have a different take? Marc, were you following AAPL on Level II today? If so, can you confirm my assumption that most of the bidding volume was from a few sources eager to lower the bid and blocking competition by leaping to the ask at any show of support? HerbVic

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