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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Meathead who wrote (28980)10/1/2000 3:50:14 PM
From: jmac  Respond to of 213176
 
i couldn't agree more. stocks, when they release news of that nature, should be halted until the next morning's regularly scheduled trading (where there is liquidity). My guess is that many mutual funds sold in one fund and bought in another (accounting for the nearly no change in trades all day) for tax purposes.



To: Meathead who wrote (28980)10/1/2000 4:27:58 PM
From: Mama Bear  Read Replies (1) | Respond to of 213176
 
"An overreaction in the highly liquid regular
market probably would have taken this stock down
35%-40%


Umm, did you catch the trading in EMLX the other day, when there was a fraudulent release at 9:30 am? It went from 110 to 43 in the 'highly liquid' regular market. The point is, when bad news happens buyers stand aside. The after market isn't so illiquid anymore. There were over 8 million shares of AAPL traded in about 2 hours. I don't think of 4 million shares per hour as being illiquid.

Regards,

Barb