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


To: Yiota who wrote (7724)1/15/1998 9:39:00 AM
From: Mr. Miller  Read Replies (1) | Respond to of 213173
 
I know it is only the first five minutes, but I am amazed that this stock has dropped almost 3/4 point, on perhaps the most impressive news in two years. It may rebound, as it should to well above $20, but I am still at a loss when it comes to companies reporting positive news and going down. The nature of the beast some how. Still very positive on AAPL!!!!

I bet analysts were waiting to see what small investors were going to do before changing any recommendations this morning. Also, if indications were for a lower opening, then perhaps the institutions are waiting for those sellers(shorts or otherwise) to bid the price lower before scooping up chunks.

Besides we opened lower in the market, so perhaps program trades were in effect to drive down the stock.

Miller