The AAPL index

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  • AAPL trades like an index. Everyone has it, loves it, shorts it, hedges it etc.. I find it difficult to understand the twits making wild-ass guesses on where it will “pin” today. The answer was always $605. No one had to ask for anyone’s opinion. $605. I had no bullets today, I needed a rest.

I can’t forecast the weather even if I am looking at the window. But, I’ll open myself up to public ridicule by saying the fruit will fall around 40 points before next OPEX, especially if we give back some green on Monday or Tuesday. Confirmation bias. Something to believe in.

One Response to “The AAPL index”

  1. Actually, I take that back. I have no friends.

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