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  • Greenlight Capital/David Einhorn has dropped its lawsuit  over Apple's (AAPL -1.6%) Prop. 2, in response to the company's decision to withdraw the proposal and its bundled changes (in the wake of an injunction) prior to Wednesday's shareholder meeting. Apple insisted at the meeting it remains committed to giving shareholders the right to vote on the issuing of preferred stock. [View news story]
    Obviously Tim Cook rubs the market the wrong way. Of course he has a lot to offer, but not as the face of Apple.
    Mar 1, 2013. 02:26 PM | Likes Like |Link to Comment
  • More on the collapse in TVIX : "The long term expected value of your ETN is zero. If you hold your ETNs as a long term investment, it is likely that you will lose all or a substantial proportion of your investment." That line from the Credit Suisse prospectus is bolded and underlined. Don't say you weren't warned. (h/t Kid Dynamite)  [View news story]
    I'm wondering what Credit Suisse defines "long term" to be. I've held TVIX for about one month and it's lost about half it's value.
    Mar 22, 2012. 07:34 PM | Likes Like |Link to Comment