MOM AND POP SCORE WITH APPLE AFTER IPHONE 5 HOOPLA
The normal routine in the stock market is that professional traders and hedge funds profit at the expense of mom and pop.
This time, in the case of Apple (AAPL) the tables have been turned. Professionals have been caught with their pants down to the benefit of mom and pop.
Traditionally, Apple stock has a pattern of running into a product announcement and under-performing for about 30 days after the product announcement. Professionals tend to prepare well in advance to profit from this pattern. They start building positions well in advance of a product announcement, sell on the news of product announcement, then go short and cover at lower prices in three or four weeks.… Please click here or the title below to read more.