Never heard a 2X Inverse fund that 90% down when it should be 90% up... cheap. How can you tell when its based on manipulated futures market consisting of futures that can't be calculated on an index controlled by the same people. I would like to see those numbers that make it cheap. Actually that's funny!!!
Good luck longs. This ETN is finally doing what its suppose to do, but not convinced enough to get back in...VIX climbing 3 days in row from here would do it. I wonder if its the debt ceiling issue coming up? Anyone have an idea what's up. There is already a blanket on the China issue...right? Chart says loudly SELL...SELL...SELL!!!.
Either way you know AAPL will going for the sky on Wednesday. If not, then its probably time to worry about $480 or below.
Lots of selling right past pivot point at $506.55. Hard to tell if this is a real rally or a push for Tuesday...Most likely it will be Wednesday, but I hope it is today.
NAV stronger, but chart still looks real bad. Momentum is up, but think it's going down today. I have no current position. Sold this morning at $9.80. I was surprised it was up at the open...Good Luck Everyone.
Market Edge was right on. Everything is down except 200 DMA. The only reason its up is because it hasn't been 200 days yet!!!
I did not listen to the shareholder meeting, but I can bet you that Timmy did not cover all the goodie's Apple has in its future and the real reason why APPL is dropping so much. I think this whole drop was a high level game to buy at a lower price and make a select few hedge funds even wealthier along the way. To an AAPL long term investor its great, but its not right for all the short term stock and options traders. These types of games have become much more prevalent since 2008. It takes a ton of money and the media to pull off these types of games, but they appear to work. Most of the stock and commodities markets are playing these manipulated type games. I guess they keep doing it because it works so well. You would need an insider to execute this game on a company as large as AAPL. Its almost impossible to short a company that has 150 billion in cash.
Why do we expect so much from AAPL? If we had the same expectations with all companies then most companies would also be down...right? Think about it? Apple lost more then 50 billion in market cap because an analyst says that phone sales should have been 54 million units instead of 51 million units. If you figure areas that beat with the top and bottom line its calculates to a market cap loss of $50,000,000,000 for making more net dollars then any company on Earth. Its a pathetic game against the short term investor. There is absolutely no "REAL" logic for this fall, if you factor in all companies fundamentals as a benchmark.
I have always thought $480 was the bottom, but there is no catalyst to get down there. They will find something to get it these. When it does I am all in!!! It will be like buying a bottle of Dom Perignon for a nickle.