BTW.....Something else you really don’t have a handle on.
Valuations are largely not a factor in a traders decision making..it a peripheral issue. Traders look for movements of the SP...(stock price) They watch charts, options activity, and news as well as sentiment.
All that other stuff....cash, profit margins, realestate, debt to equity ratios..etc...are the purview of the investor.
There is a huge difference between a trader and a investor.
I am a trader as is my friend. It damages your ability to be a successful trader if you think like a investor. I have made that mistake multiple times...it’s a common error.
I am well aware of the difference. . . I've been a trader. Now I am a long term investor. The point I was making was that the basics of AAPL should not make it as volatile as it is except for the games being played with the news cycles and the popular misconceptions running rampant in the public.
The "lies" being published in the news media is for the benefit of the traders and should be stopped by the SEC. . . because the stories were and are false when they happen. The lies published on Tuesday at the close of market were blatantly so. . . and demonstrably so. . . especially when the same authors used different figures in the morning than in the afternoon for their FUD articles claiming Apple "missed" earnings when it was clear Apple did not miss anything, triggering a sell off that destroyed almost $80 billion in value in less than two hours! Despite Apple turning in a record breaking quarter, a quarter which broke the previous record quarter from a year ago, these liars reported is as "disappointing" and as a miss on earnings! What vile. corrupt, deliberate lies. Just what i've learned to expect from Liberals.
This manipulation has been done with regularity. . . and anyone who looks with an unbiased eye can easily see it being done. Often it starts in social media. . . picked up by these same "journalists" report on these rumor when they should not, giving them far more legs than they deserve. Last week it was purely a creation of the corrupt media liars.
If your friend took advantage of knowing it would happen because of observation and understanding, more power to him. . . unless he knew because he was part of the corruption, then he's as vile as the rest. I certainly hope that is not the case.