welcome to trading nation on the shelf
to reset the Brera let's take a look at
Apple because the stock is on track for
its best week in over a year this after
three straight weeks of losses so should
investors trust this bounce Larry
McDonald publishes the bear traps report
and Phil Striegel is with rjo futures
Phil what do you think yeah you know I'm
not completely sold on Apple if you look
at the performance for the year we're
only up about 1% whereas the Nasdaq the
broad index is up five you know it's a
tough game being a tactical trainer
picking one stock out you know an Apple
could face a lot of headwinds we do have
that you know potential suit that could
go down as a result of them lagging some
of the phones out there it's just too
much company specific risk I think you'd
be better off looking at the complete
NASDAQ and looking at the entire market
the broad diversification Larry what do
you think well keep in mind
Apple has one of the largest bond
portfolios on the planet Earth
I mean apples bond portfolio is bigger
than many mutual funds and you know
rates have just gone up on the on 10
years from 2% to near 3% so they've got
some some mark-to-market losses there
and the equity market cap is 900 billion
dollars and the way i trade Apple over
the years is every every like 18 months
or so Apple goes on sale in literally
2013 nobody wanted to buy this stock
nobody and it had like a 40 percent draw
down because of a transition in the
business so you have to wait for that
moment for Apple you can't chase Apple
up at nine hundred billion dollar market
cap makes no sense it's screaming seller
okay and wait for a much better entry
point gentlemen thanks so much our
thanks to Larry and Phil
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