NASDAQ:AAPL APPLE INC
Although I love Apple as a company and fundys are the best out there, I feel it has been a hedgefund hotel and its rise caused a lot of distortion in the overall Indexes
AAPL makes up over 15% of the QQQs and its effect on the QQQs is noticeable on any sign of weakness in the shares.
I feel any healthy pullback in Apple to the low 100s can spell big trouble for the rest of the index.
No short position here. There are many other tech companys to bet against then one who holds more cash then the US govnt