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Is this it? Are we back in favors of wall street?

post #1 of 2
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2 weeks ago we're at $385 and everyone is saying apple is doomed and $350 is around the corner. Today we passed the resistance of $460 and it seems like apple is on the uptrend, up 20% the last few weeks! WTF Wall street, so now apple is a winner again? I guess all of us longs were right about the manipulation I think we see a big up this week with the ex-div date thursday
post #2 of 2

Simple answer is yes. 

 

It was all a trick to fool the private investors to sell their shares for cheap.  Private investors hold about 35% of the outstanding shares.  Compare that to about 10% for Google.  Plus they were able to force Apple into increasing their dividend/buyback.

 

Bottom line is Wall St wants stocks to go up alot or down alot.  At 385 Apple could not go down much more. 

15,000,000 AppleWatch's in 12 months or bust
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15,000,000 AppleWatch's in 12 months or bust
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