Xian wrote:Re AAPL: I get the high expectations, the IV, the sentiment and the technical ambiguity/ or down-right unpleasantness of the current chart, but what I can't get is somehow related to MSFT. Those guys are a bunch of clowns. Plus Forex? Gimme a break. Finger pointing cry babies. They can't give their stuff away— and they're trying— but whatever, so forex? OK, riddle me this: if AAPL $$$ comes from US and China, isn't China's currency pegged to another currency? What is it again? It's right on the tip of my tongue
Their hedge won't be as sweet as last quarter, but at least they're familiar with the word. Shame MSFT can't say the same.
No position. It's earnings. We're going to 103ish or 120ish, but I have no idea which. Neither does anybody else.
China has been loosening their grip on their currency, but the Australian dollar is generally viewed as the forex major that you can use to 'stand in' for plays on the Chinese economy given that Australia has such a high percentage of their exports going to China. then again, Australia is also a commodity currency & tends to follow those as well.
