This story (though it probably is fake), is a gentle reminder of the golden rule:
The markets can stay longer than you can stay solvent.
“Trader bets his $250k on apple getting crushed after earnings”
http://www.marketwatch.com/story/this-trader-bets-it-all-on-apple-getting-crushed-after-earnings-2017-01-30 ““IT IS SIMPLY NOT POSSIBLE FOR APPLE TO SPIKE UP POST-EARNINGS,” Comeau wrote. “It didn’t happen to Google GOOG, +0.48% GOOGL, +0.42% , it didn’t happen to Western Digital WDC, -0.30% , Qualcomm QCOM, +0.91% or even Intel INTC, +0.16% or Microsoft (2%! Yay!) MSFT, +0.21% , despite excellent earnings (which Apple won’t have).””
Personally, I am pretty happy those that were shorting AMD when the stock was around $2.50/share thinking it was going to go bankrupt anyday back then got their azz kicked bigtime. But that’s a different story…. heh heh.
