Apple Stock (AAPL)

* And fading it… I don’t own and am currently short (and have been recently short C, JPM, GS, MS, UBER, NFLX, homebuilders, etc.) some of the most consensus sectors. I am long some of the most non-consensus sectors. Consensus Longs: * Memory: SanDisk ($SNDK), Micron ($MU), Intel ($INTC), AMD ($AMD), Applied Materials ($AMAT) (“it’s different …

* On Apple’s margins and Micron’s average price realizations… you can’t have it both ways! Wait, the same panelists who own Micron ($MU) because “it’s different this time” are now arguing that the pressure from Micron’s high memory prices will be fleeting (so Apple’s ($AAPL) margins will mean revert higher as memory prices “normalize”)? That doesn’t compute …

Yesterday CNBC’s Halftime show universally applauded Apple ($AAPL). The cheerleaders were led by an uber confident (oops, another poor-performing investment recommendation ($UBER)!) and assertive (and even sometimes yelling) panelist (Josh Brown), signaling that Apple’s shares are the premier investment in the Mag 7: Josh Brown likes this ‘sleeping giant’ AI play and Magnificent 7 member Here is a contrary view (something …

Given the state of the average Joe (weakening), I disagree with Gene. I am of the belief that demand elasticity will take hold after the large price increases in the Apple ($AAPL) products: Position: None

Breadth mixed (but sector divergences are wild), trading inconsistent and swinging wildly intraday: * Despite the evisceration of tech yesterday, there are few tech stocks higher on the day — Google ($GOOGL) (DJIA inclusion), Amazon ($AMZN), Apple ($AAPL) League leading hitter, Nvidia ($NVDA), has cracked to the downside some fractal support * Hard reversal lower …