High oil prices: more people taking the bus/train/subway, time to invest in mobile Internet device companies such as Apple. The problem is, as soon as you think of it, hundreds of thousands of others do to... Which explains why Apple shares went down 4% today. Wait, what?
Of course, most of us can't afford to lose all our money, so risk mitigation becomes important and chimps can't do that. However, with cheep brokerage fees, you might be better off buying into 100 different companies by chance (or chimp) instead of relying on professional advice or mutual funds.
Stock picking is more fun though. And it is easy to think you are savier than everybody else. Let's face it, we are surrounded by morons. However, keep in mind there a millions of people with money that are just as informed and smart as you are. And there lies the problem.
So why did Apple loose 4% today? Last night was a full moon. Profit taking often occurs after the first full moon in May. But you already knew that.
By the way, if you don't have a dart bord, you can use this virtual one.
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