Most On CNBS Said They Don't Own Apple, They Would Be Buyers At Around $380
Wall Street Will make Apple stock $380 so fast, the heads of long shareholders will spin for months. Next week the NYSE will clean up again on those $500 calls, closing below $500 again. Surprise to most people, The NYSE is only making money on options, something they can control.
Most on " CNBC " aren't investors of any kind. The real investors who are on Fast Money everyday hold positions in Apple and have been out-spoken supporters of Apple. They've discussed the fundamentals that drive Apple and the up and coming products and services in their product cycle.
This has been an on going topic every night for the most part. Those on Fast Money who don't hold a position in Apple now wish they had bought sub $400. By their own admission, they were scared and didn't understand the business model. As for Apple the stock? Stocks go up and down. As for the options market? You couldn't find a more crooked area of the market to play. I'll just buy the stock and be done with it. Apple was an easy call under $425.