“It’s been a wild week for the world’s biggest stock,” Alex Rosenberg reports for CNBC. “Apple shares surged 3.5 percent Wednesday — after rising 2.4 percent Tuesday — and climbing 2.2 percent on Monday. Over the past three sessions, the company has added some $50 billion in market capitalization.”
“This as investors become more optimistic about the iPhone 7, which goes on sale Friday, based on bullish talk around preorders as well as reviews that were better than expected,” Rosenberg reports. “‘This is real volatility in Apple again, which we should all be excited about, especially because it’s to the upside,’ Stacey Gilbert, Susquehanna’s head of derivative strategy, observed Wednesday on CNBC’s ‘Trading Nation.'”
Rosenberg reports, “In fact, the last time Apple shares moved more than 2 percent in five straight sessions, the top movie in America was the fourth installment of ‘Fast & Furious’ and the market had just finished a devastating crash; it was early April 2009.”
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MacDailyNews Take: All of a sudden, thing are looking up. YKBAID.
AAPL is like a buoy. Quick, it’s back on the surface! You there, analyst, and you, too, swim down and tug on the chain! Drag it under… lower, lower… Good! Now, quick, everybody jump on, and we’ll take a ride back up to the top again! — MacDailyNews Take, January 9, 2012
At the most basic level, it’s extremely simple: Pump, then dump. Foment, then buy. Rinse, lather, repeat as the SEC sleeps.