THE ALMIGHTY APPLE!

9/3/2014

TRANSCRIPT:

GARY: We do not like micromanaging every day but we do a daily radio show. This makes it tough not to. Today, we have to micromanage one day of action…specifically in Apple. The reason is obvious. Apple stock has a big weighting in many of the indices…and to a certain extent, has a psychological influence on the market. Today, Apple was down over $4…which is not the biggest of deals considering the recent move in the stock. But the 124,000,000 shares traded opens our eyes. This tells us that today, the big money crowd was selling…and in droves. Maybe it is just a one day affair. We are just letting you know for us, it goes into the file manager, front and center. We are big believers in the motto…it is not the news, it is how things react to the news…and whatever the reason for today was…it could be meaningful. Apple has a few big announcements coming up and we will be looking forward to seeing whether it can recover. We thought that it was important to report this to you. More to come on this.