Thursday morning, the news broke that David Einhorn’s Greenlight Capital had filed a law suit against Apple demanding that it give a bigger portion of its $137 billion cash to investors by issuing preferred shares. Much has been written in the media about the details of the lawsuit. Not much value is to be added for the reader by regurgitating the details. The point of this column is to help the reader trade to generate profits on Apple AAPL based on Einhorn’s move. The time when Einhorn’s news broke is marked on a 60-minute Apple chart in an orange callout. Please

In the negative hoopla surrounding Apple these days, it is a common lament that Apple is no longer innovating.  A newly approved patent suggests otherwise. A solar powered iPhone from Apple may be in your future.  Battery technology has become a limitation in advancement of phones.   The new generation phones have faster electronics, bigger screens as well as higher resolution.  All of these demand more power from the battery.  Of course the fashion is to make a phone as thin as possible; this reduces the options available to phone designers. Most of us have used or at least seen solar power calculators. 

This post was  published on ZYX Buy Change Alert. AAPL has just issued a news release that it will make judicious use of its cash in response to David Einhorn’s call to issue preferred stock.  The stock is beginning to run.  Only aggressive investors may consider initiating or adding to the short-term trading position in the zone of $460 to $465.  This is separate from the long-term position.  The stock is moving fast and the price may be different by the time you get this post. As of this writing the stock is at $463.50