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Hedge Funds Bet on Steve Jobs' Next Move

Submitted by Free Investing on Tue, 03/09/2010 - 18:33

Jason Schwarz submits:So here we are. Apple is at all time highs. The stock is up another $5 today. The Apple/QQQQ slingshot trade has generated huge returns. We're waiting to sell until Apple moves against the market to the downside. But what is really going on here? This stock action certainly isn't happening because mainstreaminvestors decided they wanted to buy in last Friday. This isn'tinvesting 101. This is advanced hedge fund action so let's make aneffort to understand things from their point of view.This run is happening because of Norway. About a month ago, some thirdparty Apple reseller decided to put a link on their website to allowcustomers to pre-order the iPad. They had to shut it down because thedemand was overwhelming. We all know that Steve Jobs worries just asmuch about marketing as he does about the products themselves. At theend of the day, nobody actually needs an iPhone or an iPad in the sameway that nobody needs an In-N-Out Burger or a Tito's Taco. Theatmosphere of standing in line to get your favorite product is veryimportant. Complete Story »