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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
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Playing the Ponzi
  • AAPL Testing Trend Line In Place Since 2009 For 5th Time 0 comments
    Nov 16, 2012 10:04 AM | about stocks: AAPL

    AAPL is revisiting a trendline that has been tested and held firm every year since 2009. This is the 5th test of the trendline. Maybe this is where AAPL finally finds support. The problem for the stock may be that this is one source of profit that investors can sell to meet margin calls or off-set losses in other parts of a portfolio.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in AAPL over the next 72 hours.

    Stocks: AAPL
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