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Technology Stocks : Apple Computer (AAPL): Analysis and Forecasting -- Ignore unavailable to you. Want to Upgrade?

To: Jon Tara who wrote (263)7/14/1998 12:40:00 AM
From: Andrew Danielson  Read Replies (1) | Respond to of 692
 
<<What you observed, that you have never seen before, is seen every day. It's called a "flat". A common axiom is "a flat is your friend". When I was daytrading (unfortunately, I don't have the opportunity of late) this was my favorite spot to buy.>>

You're right, I've never done daytrading. It wasn't so much that I've never seen a period of prolonged flatness on a chart before, however. What was spectacular--as you yourself describe it--was its length.

Andrew



To: Jon Tara who wrote (263)7/14/1998 12:44:00 AM
From: Michael Young  Respond to of 692
 
<<Please don't blame the MMs, though. There are all sorts of reasons for this to happen, and it's more likely one or more big buyers are sellers with a price and discipline than it is MM "manipulation". There are too many market-makers in a big stock like Apple to pull-off the kind of manipulation you are suggesting.
>>

Hi John!

Couldn't agree more. The naive bitching about MMs on this board is tiresome. Clearly amateur hour.

MIKE


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