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

To: HerbVic who wrote (28998)	10/1/2000 11:00:30 PM
From: Intrepid1	Read Replies (1) \| Respond to of 213173

This is a set up post.

To: HerbVic who wrote (28998)	10/2/2000 9:47:18 PM
From: gregor	Read Replies (1) \| Respond to of 213173

Dear HV: would you agree that the otcbb is a different breed and with the naked shorting that goes on there it is akin to holding up a 7/11 with a uzi........

To: HerbVic who wrote (28998)	10/3/2000 9:15:20 AM
From: Wayners	Read Replies (1) \| Respond to of 213173

If the stock gaps down at the open, it's because the sellers are lining up and the buyers have vacated. The gap might not always be caused by sellers lining up and buyers vacating the particular stock. In fact there may be few sellers and few buyers, but the MM's will readjust their bids based on what say the Nasdaq futures or S&P500 futures are doing in the premarket. Thats why you see large gaps but when you see the actual volume of the first few bars of day there is no real volume to cause the gap. Of course when the actual company has important news, you'll see the big gap plus volume--but I see the first situation far more often.

To: HerbVic who wrote (28998)	10/3/2000 12:42:53 PM
From: Paul Berliner	Respond to of 213173

FYI Orion - 95% of the time, Market Maker action is a function of complex algorithms written for the purpose of enhancing trading profits. I constantly read rants about a firm 'holding down' a stock or being 'on the bid' because they issued a strong buy that day or something similar. Such instances are not the norm. As for gapping, when a Nasdaq stock gaps after the bell, it is a function of the after-hours market, which is more like the NYSE-type auction market than a normal Nasdaq-type dealer market. The price the stock trades at after hours is where most buyers & sellers reflect the new info into the price of the stock. The stock then opens more or less in the same range when regular trading commences because the Market Maker algorithms will take their cue from pre-market when there is significant pre-market trading. I am sick of people saying that the Market Maker system is manipulative. Look at the Emulex case, where the stock fell a slow, steady 15% at the opening bell's news and then all of a sudden at 10AM, in a span of five minutes plummets an additional 50% as heavy institutional sellers emerged. Such action is indeed, in my view, justified, efficient, and a direct result of brilliantly-written algorithms. Remember, the Nasdaq is not the NYSE. When a firm decides to become a Market Maker, it is doing so for profit, not to enhance or benefit your investing experience. I agree with Herb. P.S. How is Apple being 'raped'? The Company lied to Wall Street. This happens all the time, and when it does, Wall Street punishes the company. I and my collegaues have been lied to numerous times by these high-flying companies. You talk to them and they tell you that everything is good, the quarter looks good, there are no problems, etc. - then they 'surprise' you. Remember Entrust (ENTU) back in early July? They told us that everything was great two days earlier. Then they were neatly halved for the warning - institutions punish companies that mis-guide them. Justice has been done to AAPL.