Apple a short term interesting case study
Posted: Fri Oct 14, 2011 7:00 pmIf you haven't heard Steve Jobs the literal life-blood of Apple passed away a few days ago.
Since then Apple stock is up about $40 per share. That's about a 10% increase.
Who here thought that the problem with Apple's stock price was Steve Jobs? I'm sure no one did.
This just shows that SHORT TERM a stock does what the TRADERS want to do and therefore it's a risk to "trade".
Long term Apple's value will be based on the results of their next years of new development, but in the short run it moves based on traders taking money from people saying, "shorting Apple is guaranteed since Steve Jobs died".
Since then Apple stock is up about $40 per share. That's about a 10% increase.
Who here thought that the problem with Apple's stock price was Steve Jobs? I'm sure no one did.
This just shows that SHORT TERM a stock does what the TRADERS want to do and therefore it's a risk to "trade".
Long term Apple's value will be based on the results of their next years of new development, but in the short run it moves based on traders taking money from people saying, "shorting Apple is guaranteed since Steve Jobs died".