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

To: HerbVic who wrote (21126)	12/9/1998 4:34:00 PM
From: J R KARY	Respond to of 213186

Herb you covered all the bases but move your sell up to $52/shr Worth waiting until annual meeting time (4/99 ?) so that guy can ask AAPL's CEO about that $1,000 Mac again . When Pixar's ABG hits $150 mln in revs its place in history is assured then its AAPL's turn . You may want to hold even longer and be like us long term IBM holders ; > ) Jim K.

To: HerbVic who wrote (21126)	12/9/1998 5:11:00 PM
From: Richard Streetman	Read Replies (2) \| Respond to of 213186

<I have only one conclusion: It must be tax selling> I don't think so. The trade action in the past 3 days has been characterized by INCA (not a marketmaker but an ECN that marketmakers often use as a disguise) sitting at the inside ask, refusing to raise the ask price even in the face of constant buying, and quickly dropping the ask when buying drops off. Normal sellers would try to get a better price in the face of buying. Big sellers would have already sold at a better price in block trades. I can think of only one reason for this trade action: some very large broker wishes to drive down the price of AAPL and has access to a large number of shares to borrow for shorting. Today's INCA action was far less aggressive than earlier in the week; perhaps the broker is happy with AAPL at 32. What surprises me is that this broker doesn't take some of his profits off the table at the end of the day. It seems a little early in the month to attempt to hold AAPL down for options expiration. I would appreciate anyone's opinion about the motives of the big seller using INCA.