I'm long on $AAPL
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$AAPL fell almost 2% during the Apple event today and spent nearly the whole 80 minute keynote in the red. It started recovering as soon as Ternus walked off stage.
The drop is the usual sell-the-news reaction. The iPhone Duo came in at $1,999, which is lower than a lot of Wall Street expected, and the 18 Pro and Pro Max only went up $100. Options traders were already making bullish bets on Apple this afternoon, and Bank of America's Wamsi Mohan pointed out ahead of the event that the stock has rebounded and made new gains in the 60 days after an iPhone reveal most of the time. Preorders open Oct 16.
The drop is the usual sell-the-news reaction. The iPhone Duo came in at $1,999, which is lower than a lot of Wall Street expected, and the 18 Pro and Pro Max only went up $100. Options traders were already making bullish bets on Apple this afternoon, and Bank of America's Wamsi Mohan pointed out ahead of the event that the stock has rebounded and made new gains in the 60 days after an iPhone reveal most of the time. Preorders open Oct 16.
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