Paired Trades Update

I think it is already over. I win! :)

I have Apple up 20 percent after earnings last week and after the close today, Netflix (my short) – was blown to smithereens, down 20 percent plus after announcing that “we have nothing but a cool name and slick envellopes.” (they did not say that, but will very soon).

I have no real position in Netflix but visualize the stock in the single digits as they become irrelevant at the hands of too much downloading and a big victim of the attention crisis of the YouTube generation.