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Technology Stocks : Apple Tankwatch
AAPL 259.95-0.4%Jan 14 3:59 PM EST

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To: sylvester80 who wrote (23239)11/2/2012 7:37:40 AM
From: zax  Read Replies (2) of 32692
 
On its second day of existence, the new Tankwatch iDtenT index fell from 9873 to 9708, a loss of 170 points, or 1.7%, bringing its two-day loss to 297 points or 3%.

This new index that Tankwatch has introduced measures the success of Apple relative to Microsoft, relative to October 31, 2012.

It is defined as follows:

(Price of 1 Share Apple / Price of 1 Share Microsoft) * 10000 * (.048024)

The more this index moves above 10,000 the wiser the AAPL long position and MSFT short position would have been.
The more this index moves below 10,000 the wiser a MSFT long and AAPL short position would have been.

I believe the latter position; one that would be supported by the iDtenT index losing value, would be a far wiser investment decision.

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