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


To: MeDroogies who wrote (22464)1/14/1999 11:50:00 AM
From: James C. Mc Gowan  Respond to of 213173
 
I Reasons why AAPL down today
1. Overall market down, Brazil worries; therefore justification for profit taking-generally
2. Internuts downtrending past 3 days; most believe losses in nuts will carry NAZ down too, short term
3. Buy the rumor, sell the news; for AAPL good news gets negative spin from SSB
4. Brokerage houses jacking around with a historically high volatility stock; N.B. downgrade Oppenheimer a few days ago, upgrade by CS First just before EPS release; downgrade by SSB
5. Big short positions use thier influence to move the stock down short term before tomorrow's expiry; Max Pain?
6. Long term and overriding skepticism about AAPL on the Street.
Just some random musings
I took profits before EPS announcement, not patting myself on back;
most likely will look back on price today and kick myself for not holding, as company continues to execute thru 99; in fact put in over nite low ball buy order at 42 1/2; I may see it
I' ll continue to follow this company this year
Good luck to all,
vocex