Chalk another piece of ace reporting up to CNBC. This one was all the news today. Gapping from $19 to $25 on CNBC's report of Apple "investing" 350 Million in the company. Wrong. The company released an 8K at 1:47PM today clarifying things. Item 8.01 Other Events. Questions have arisen regarding news reports of Apple Inc.’s (“Apple”) announcement this morning regarding a $390 million award to Finisar Corporation (“Finisar”). Apple has not made a debt or equity investment in Finisar. The amount referred to by Apple represents anticipated future business between the companies over a period of time. Look at the stock now.
Bad quarter. Missed and guiding down but not falling AH's. CNBC busy covering Trump. Should be an easy short around $20. $19.10 now.
$18.55 and falling. 3.5%... I just beat most hedge funds (and Soes) in an hour. Wait till tomorrow. $17's coming.