There has been much consternation regarding Apple Inc. NASDAQ:AAPL breaching the $100 level. Split adjusted that equates to the previously taboo $700 level – a price altitude that previously made traders faint. This leaves investors are wondering how high the stock can go on a fundamental level. Algorithmic traders, however, who operate on the investment thesis that news – including insider information – is often included in the stock price, have a different view. Apple fighting to become a leader in the IoT On a fundamental basis, Apple Inc. NASDAQ:AAPL is fighting a war to become a leader in the Internet…
Icahn: Investment In Apple Inc. Stock A "No Brainer"
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.
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