|
Apple-Contrarian
I swing trade AAPL regularly, primarily because it's been a long time momentum leader for the whole market. It's somewhat battered recently, and I've seen a couple of print articles and talking heads saying it's no longer the leader in the tech sector. It's down about $20 since its high in late Jan. A few talking heads have even suggested that Cook's recent association with Trump was causing the choppy downward or sideways spiral. I think AAPL with be the mother of contrarian plays when it gets its footing.
Not a recommendation to buy or sell. Do your own due diligence.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
|
