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Old 12-21-2012, 09:16 PM   #98
wizwor
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Quote:
Originally Posted by Fbone View Post
The post $700 investors did very well because they exercised their put options. The big investment houses make money when stocks decline too. It's the small retail investors like Joe Q Public that may lose but then they shouldn't be investing in such individual stocks for the very short term ... capital gains and all that.
Unfortunately, irrational exuberance is a plague on uneducated investors. It's human nature to jump on the bandwagon just as it catches fire and off just before the fire is out. AAPL may have cost some institutional investors temporarily, but bet that those who bought at $699 and sold at $500 were panicked individual fanboys. I can't poke fun at these people because a lot of that was college and retirement savings that will ever be replaced.
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