master_trader

Vague Rumor of 3G iPhone Delay Was Enough To Make Apple Slide

This is absurd that some rumor propagated by someone on the Yahoo message board would cause a 5 point drop. Especially since I dont understand how we can have a delay in something not yet announced. Then the delayed date would just be the release date. Looks to me some technical trading and a test of the 30 day moving average which it passed on this first test. I await confirmation.

Real question is what's with the line at the 5th avenue store this afternoon?

When Hedges Fail

just need to realize that 1 in 1,000 year events occur every 4-5 years and then you can risk adjust properly without needing an uneconomical neutral hedge.