APPL Gaps

APPL Gaps

Apple stock, which has 5.39 Billion shares outstanding and trades an average 33 million shares per day, is an obvious favorite among the most important exchange insiders. After its 7-1 stock split in June,2014, the market makers now have massive amounts of stock to manipulate and supply to the top insiders and fee paying funds. And with 5.39 Billion shares overall, the insiders can accomplish in 10-40 points what they used to accomplish with 100-300 points before the massive stock split. So don’t be expecting AAPL to be heading to 200 -300 plus any time soon. Traders could have utilized the above signals for good 2 to 3 week swing trade gains. However, a longer term hold would be more beneficial as the stock is currently in the 110 area, a 15% gain in about 3 months time. It also pays a 2% dividend if held and one would also benefit from lower longer term capital gain tax rates.