to trash AAPL shares.
Stop trading options, you will lose to these crooks!!.
How else could a stupid target price by a SHORT could move the stock like this?
No because I own Jan '14 - $310 puts (open interest = 1800 contracts). I sold January $590 calls to pay for them so the trade is free (unless you think AAPL is going to $600). I'll take that bet any day.
So let's track my trade and see who wins.
5/15/13 5:01 PM EDT
Tech firm Apple is the target of a Senate hearing next week investigating offshore tax practices.
Apple CEO Tim Cook is expected to testify at the Senate Permanent Subcommittee on Investigation's hearing Tuesday, POLITICO has learned.
Apple has been under fire for its tax practices. The company recently avoided paying as much as $9.2 billion in taxes by buying back stock with debt instead of offshore cash, Bloomberg reported. Apple has a reported $100 billion in offshore funds.
So you are telling me that NFLX with a PE of above 600 or Tesla which has only sold 5000 cars with a market valuation of 50 billion are better stocks pumped by CNBC and the talking head clowns.
Why doesnt CNBC bring the short side analysts on their show to trash these stocks?.
There are tons of stocks with tons of shorts with legit arguments but CNBC only focuses on AAPL bashing.
The problem is Samsung ! They stole the Apple technology and catch up fast !! Apple must make new product for other area now. The game of smart phone and tablet is not going anywhere. This is why people lost confident in Apple. They consider Apple as a hardware company like Intel !! I hope Apple does not become DEC, Honeywell, Unisys, Nortel.....
There are a lot of ignorant people who invest in stock market who shouldnt be. Samsung is not the problem as much as being hyped.There is enough room for IOS and android and as a matter of fact ios market share is growing faster than android. AAPL ecosystem is not going anywhere and you are wrong that AAPL as just hardware company.