HOW TICK DATA FORETOLD THE APPLE NEWS $AAPL
On Wednesday, the news broke that two big-time hedge-fund managers dumped their Apple stock in the first quarter of 2013. Interestingly, an analysis of the tick data foretold the news a day earlier. Analyzing tick data with computer algorithms is akin to the manual tape reading of years past. With some practice, an investor manually observing tick trading data can come close to what computer algorithms accomplish.
According to an SEC filing, David Tepper, who manages $17.9 billion at Appaloosa, dumped 370,661 shares of Apple in the first quarter. At the end of the first quarter, he still owned 540,000 shares of Apple.… Please click here or the title below to read more.
May 19, 2013