Tuesday, March 30, 2010

Apple Verizon iPhone?

The latest rumor that added another 2% to Apple's stock price this morning just shows that there are so many more rumors that could move this stock up than move it down.  Another reason besides increasing revenues and profits, that make it more likely that the stock continue on its uptrend.

I have just gotten back from spring break in the Dominican, I highly recommend any of the all-inclusive resorts there if you can get it at a good price.  I knew I'd get a chance to go to a casino, so I bought Beat the Dealer.  It was a good airplane and beach read teaching me the basic strategy and a couple different card-counting methods.  Playing the basic strategy I was able to turn $60 into $150 in a couple of hours of play.  With this basic strategy the house odds are brought down to less than 1%.  I was unable to practice counting cards before visiting the casino, and even if I had I doubt I'd be able to keep up counting with the speedy dealers down there.  They're fast!

Anyways, card counting basically just says that when the remaining deck is composed of a larger proportion of 'high' cards you should increase your bet.  These high cards are 9, 10, J, Q, K.  The idea being that since the dealer must hit any total of 16 or less the dealer becomes more likely to bust.  When these favorable remaining decks arise you should increase your bet.  Seeing as Wall Street is the world's largest casino, I must draw the comparison to Apple's deck of remaining rumors being stacked with high cards.  These high card rumors are more likely to come out and bust any shorts.  Although there are low card rumors that can send Apple's stock lower, I'll take my odds with the deck stacked against the house.

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