yogatrader

What's Up With Apple's Downturn?

yeah, how long have you been following this stock??

AAPL whips around. That's just what it does. No real reason, but here's one if you need it: It's widely held by hedge funds in lieu of cash, and on capitulation days it gets woodshedded. I see it at 250, just maybe 160 first.

Strategy: Buy way the f-ck out of the money calls in 09', read the Black Swan/ Fooled by Randomness and tune out for a bit.

Cheers,
yt