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Joe Springer
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It is very hard or impossible to time the broad market consistently — there are no famous investors that got rich by consistently knowing what the broad market would do next. This only makes sense, as there are just too many variables in the broad market. But there are many famous investors who... More
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  • Apple Hitting Resistance At $530, Option Chain May Show Why 1 comment
    Nov 16, 2012 12:51 PM | about stocks: AAPL

    Some player is bouncing Apple off of $530 on the dot:

    (click to enlarge)

    Today is options expiration, a look at the chain shows that if Apple floats above $530 a lot of call options will get executed. Coincidence? You decide:

    (click to enlarge)

    Stocks: AAPL
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  • pressure sensor
    , contributor
    Comments (83) | Send Message
     
    If you are suggesting the 62000 530's writers were manipulating to keep the stock below 530, it would have been much cheaper for them to simply buy back those calls today for pennies..
    17 Nov 2012, 06:39 AM Reply Like
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