Saturday, March 2, 2013

How I tried to save David Einhorn $25 million

Here it is, the straight skinny from last August 21; Is it time to short Apple?

Apple closed at $656 that day.

And I concluded that yes it was. So what does Einhorn do? He piles another 216,000 plus Apple shares into his portfolio!

According to this story at Forbes, the average cost per share of Einhorn's/Greenlight's Apple holdings is over $570.

The man could have saved himself and his investors 25 million just by not going on that buying binge after I said go short...

Nevermind the hundreds of millions he'd be to the good if he'd actually taken my advice.

No wonder he's gone to the courts to try to save his bacon with that "silly" lawsuit.

Apple closed at $430 yesterday.

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