It Wasn’t AAPL

Posted under American Options Trading, Rob Roy - Chief Trader by Rob Roy on Thursday 25 February 2010 at 11:13 pm

The market opened lower Thursday on renewed fears that Greece may default on its debt.  The downward trend was then buoyed by a surprising rise in jobless claims.  Around mid-day the market made a double bottom on the 3-minute chart and then took off to the upside, recovering most of the 150+ drop.  Today was a perfect example of why to keep the volume turned off of the financial TV networks.  Commentators were explaining the the sudden reversal as reaction to a rumor that AAPL was going to announce a 4 for 1 split.  Pulleassee....Although not a popular belief, it h

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