Wallstrip comes back to Apple

Even after the drubbing today, Apple is up approximately 20 percent since we chose it as our first stock on Wallstrip.

Looking at the chart in Brian’s technical review of the stock and you see that the traders have taken over. There is some serious chop.

The stock is in the hands of traders. I wrote about the stock being crowded back in December. Specifically:

Apple is no longer just a crowded retail operation. It is a crowded stock. The tone of the trading action has changed. The amount of news and chatter about the stock has become absurd.

When a stock gets crowded, traders get aggravated and the stock bounces around at their whims.

Nothing has changed at Apple accept is has been accepted by the day traders and institutions as a liquid proxy for technology.

This is a great time to ignore all the news and walk into a store. It is like a “Sweet Factory” with $200 bags of candy walking out the doors.

Here are all my posts on Apple. Oy. Get a life Lindzon!

I need some sleep, botox and a tummy tuck looking at today’s video. We hosted the Wallstrip crew in Phoenix for the week and it was a whirlwind of shooting and favors and goofing around. Chipotle’s (2 meals – stores PACKED as usual) and Apple were the buzzwords of the week. Next week should be pretty ineteresting. We are all having a blast and appreciate all the positive feedback.