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

To: rhet0ric who wrote (8772)	2/25/1998 11:48:00 AM
From: Eric Yang	Read Replies (2) \| Respond to of 213173

What do you guys think of that report on MacOS Rumors that says Apple is buying shares for their new CEO? Does that happen? It would make sense of a few things, like the Goldman Sachs comment, the no-news rise, and the suddenness of the buying. I think MacOSRumors doesn't know much about stocks. I posted my opinion on the whole thing yesterday on MacEvolution. macevolution.com here is an excerpt: "It seems like every time Apple's stock price fluctuates, one Mac site or another tries to explain away the movement with their rumors and speculations. MacOSRumors for example, suggested today that the recent climb in AAPL share price may be due to Apple buying up shares for the yet to be announced CEO. These kind of rumors make no sense. As AAPL investor Kurt Starnes pointed out, even if Apple were buying up shares for its future CEO, the number of shares involved would be a drop in the bucket compared to the kind of trading volume we've had in the last two weeks. At $20 per share a $5 million stock package would be equal to just 250,000 shares. To put things in perspective, during the first hour of the trading session today alone, over 1 million shares of AAPL were traded. I think MacOSRumors and other Mac sites are great sources of Mac info and I have a lot of respect for them. However, when it comes to information related to Apple's stock, I always read their rumors with a grain of salt. Since few creators of these sites are actual AAPL investors, often they don't fully understand all the elements at play in the market place. Without actually investing in AAPL it's difficult for them to see things from investors' point of view and evaluate rumors with critical thinking." Eric