Apple Responds To Uncle Carl

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Mark Melin
Published on
Updated on

It’s unclear if hedge fund manager Carl Icahn follows statistical probability theory with stocks, but he’s looking to defy gravity in his latest Apple Inc. (NASDAQ:AAPL) computer rant. Carl Icahn sees problems with Apple outperforming the market After the stock of Apple Inc. (NASDAQ:AAPL) has soared close to 30 percent year to date, outperforming the broader stock market benchmarks (which it greatly influences) and beating peers like a drum, Carl Icahn wants more just as algorithmic traders have noted the stock might have risen a little too far, a little too fast. Carl Icahn published a letter to Apple CEO…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.