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…
Apple Responds To Uncle Carl
Mark Melin
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.