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

To: Travis who wrote (12368)	4/29/1998 11:11:00 PM
From: soup	Respond to of 213177

Cribbed from Yahoo AAPL Board. >Warning: My opinions are usually 1/4 paranoia, 1/4 rationalization, and 1/4 leaps of logic. The remaining quarter sometimes makes sense, but should always be taken with a grain of salt. My data and research are always good, though. Low volume days are bad for us. The MMs take our price down whenever they can do it without getting reamed. These drops are timed to coincide with drops in the Dow. Today, we dropped 1.8% in the last half hour, while the Dow was dropping 0.48%. We also dropped 1.7% this morning, while the Dow was dropping 0.5%. Our drops are always interrupted, stopped or reversed by big surges in volume, which I take to be mostly buying buying by mutual funds with excellent timing, getting a very good price for AAPL. On low volume days, our pattern all year has been down on low volume, then up whenever volume picks up. We get high volume on those rare big news days, and whenever the institutions start jumping in with those 50K+ buys. When all those buy orders are flowing in, the MMs keep raising their ask prices to try and get out of the way, and generate a lot of additional volume on "churn." Since the beginning of February, we've had 24 days of 4,000,000 volume or more. 20 of those were up days, while only 4 were down. The up on high volume, down on low volume pattern has amazed me with it's consistency all year long, and I'm still struggling to find an explanation. The best I can do is my conspiracy theory that says the MMs have dug themselves a deep hole by going way too short. The mutual funds and small investors continue to be net accumulators and there isn't enough AAPL to go around. The MMs are doing all they can to suppress the price to avoid a big paper loss, and trying to make their money back on options. The last thing they want is some more significant upward momentum to develop and attract all the market's momentum players. Eventually, they'll have to turn us loose, though. The mutual funds and loyalists will just keep on accumulating as the turnaround becomes more and more obvious. That's my own take on the data. Of course I'm probably overlooking something minor that blows my whole theory. Other interpretations are welcome and appreciated. As always, I'll be totally ignoring all slug posts. -- Rodg. < ----------------------- What a muckhole over there. Dreck/Useful ratio 20-1. soup