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Roger Knights is a
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Good thinking (as usual). It appears as though there were some sophisticated bottom-fishers for AAPL yesterday. During the hour of the market's last down-leg below 9600, AAPL held its ground, which I marveled at. Then, in the last 90 minutes, it rocketed up 10 points, to 98. Its strong relative strength then impressed me. And there is rumored to be good news (relative to the consensus) in the pipeline regarding the company's sales performance and new products. (Disclosure--I have no position in AAPL.)
Oct 07 08:02 am
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All Comments by Roger Knights »Why I'm Not Buying the Financials [View article]