Despite Intel's slide, all eyes were on the action at Apple, who reported a 78% surge in sales yesterday! Truly, news for the record books! Good going guys. As far as our explanation for the drop, we feel that the unwarranted sell-off was related to some very Big Hedge Funds holding the stock down with options expiration occurring this Friday. Monday will tell a different story! But why options manipulation and the stock?? Our explanation is simple. Some very Big, and very well financed Hedge Fund(s) sold several millions of dollars of out of the money calls (ie) Jan 100, Jan 95, and/or Jan 90 calls and needed the stock to close below the strike prices to make the options expire at zero or worthless tomorrow (triple witching). Eventually these funds will have to Buy back the shares that they have sold short to get the stock down in their manipulation as we saw months ago with GM. In that case the hedge fund went BUST when the stock reversed!
Also - Paid bashers (paid by hedge fund shorts) who sit on stock message boards all day and night long and post a negative comment over every positive statement that is made so don't even waste your time there. This is much bigger business than you think. You see shorts prey on negativity and emotions and that translates into multiple millions.
Apple stock should be at $105 with these impressive numbers, so don't throw in the towel just yet. For those who want to sell, wait for the euphoria to hit on some news of either a:
2:1 Stock Split
iTV Announcement
Stock Upgrades
other positive news relating to the "NEW" Apple.
Be Good. We Love AAPL.
EST
