file under: counter-intuitive

So Apple releases the 2nd generation iPhone, sells a million in the opening weekend, 10 million applications (granted none of this was known while the graphed trades were being made). But look at the drunkard’s walk, from the night before the release. Yes, it’s only a few dollars but the direction seems puzzling, though consistent with how the market reacts to Apple’s performance.

Picture 15.jpg

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