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To: Alomex who wrote (12737)5/5/1998 7:47:00 PM
From: Phillip C. Lee  Respond to of 213177
 
<<It is interesting, however, that AAPL did not close at its
intraday high. >>


Well, it's not interesting at all since the possibility of hitting
the intraday high is very slim (e.g. probably 0.05) if you look from
the historical data.

The important thing is:

- the yearly high of $29.75 has been easily broken today;
- the opening price tomorrow will be jacked up probably from $29 7/8 "bid"
and $30 "ask" in conservative guess.

Phil



To: Alomex who wrote (12737)5/5/1998 8:17:00 PM
From: HerbVic  Read Replies (1) | Respond to of 213177
 
Another interesting point, Alomex! No one has yet mentioned that I
single handedly predicted the high for today and when it would occur.

Message 4332044
>>With all the forces involved today, I would not be surprised to see
29 7/8 at or near close.
<<

But that's not what makes it interesting. The interesting part is that
shorts were still selling into the rise as if they could somehow beat
it down, and managed successfully to do so. Look at the intraday chart
before it goes away.
fast.quote.com

They will be at it again at tomorrow's opening bell. Most likely the
stock will see early modest declines with little opening gap then reverse
before the news conference. During the conference expect some
volatility as the shorts sling their paper darts of disbelief. If
there is a home run, meaning that Steve'o scares the unholy hell out
of the shorts, then... well... you know. Once there is an if in the
scenario why go on?

Needless to say, it will be an interesting day for longs and shorts
alike.

HerbVic
____
It is interesting, however, that AAPL did not close at its intraday
high.



To: Alomex who wrote (12737)5/5/1998 8:35:00 PM
From: Don Green  Read Replies (2) | Respond to of 213177
 
It is interesting, however, that AAPL did not close at its intraday high.

Not really that is a MM trick, the last trade was 100 shares throw out at a lower price just to keep you thinking. MM do that all the time. It would be valid if it were a large block 5-10K, but 100 shares means nothing.

Don