I don't follow APPL. My first and only stock on U.S. Markets is TSLA. Based on what I've learned these last 4 years, that will not change anytime soon.
Options Market Makers are cheating. They are ALLOWED to sell naked short shares in unlimited quanities w/o consequences (via SEC Reg SHO, Rule 201, a.k.a. the "Madoff Exemption").
This violates the law of supply and demand. When they sell a share short, there should be one less share available to short in the future. Instead, they have an endless pool of imaginary, conterfeit shares they can sell to the unwary, and the unaware (usually their own customers).
We saw this all week. Do you really think over 12% of all TSLA shares traded down almost $200 in 2 days because 10-yr bonds hit 1.7%, or just maybe the game rigged?
I was supportive of Elon taking Tesla private back in 2018, even though (as a Canadian) that might have ended my ownership opportunity. I still think Elon should split the shares and hit the cheating Market Makers where it hurts. But hey, that's just me. I hate bullys, and have an overdeveloped sense of fairplay.
Still, it more important that we get Austin and Berlin up and running, that Shanghai build the Model 2 plant, and that Cybertruck and Semi start to put a dent in the heavy, dirty diesel market. THAT is why Tesla is so important, not to get rich. I really don't need more money, but I'd REALLY like our climate to remain livable.
And that's why I fight.
Cheers!
P.S. Right back to the 50-day Moving Avg at 11:15 ET
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