Sunday, January 24, 2010

It's all fixed and you can't change it

Once again, a line from a rock song sez it all. read the story - the whole thing.

"I don't pretend to understand much about how derivatives work or what hedge fund managers do, but I've been watching the ups and downs of Apple's stock price long enough to recognize a pattern when I see it.

This one was a classic slingshot, described succinctly by Jason Schwarz in his seminal Apple: Seven Reasons Shorts Love It:

"If you can keep a good stock down," he wrote, "then you are able to load up for the ride back up. It's like a slingshot — the harder you pull, the more propulsion you generate." "

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