### Comment:
Ever heard of buy the rumor sell the news. Market ran with the rumor and brought apple down to $140. Tim Cook announcement was the news and market rallied back from it.  
  
 Smart money and traders weren’t gonna continue shorting after a 40% drop. They took their profits and if they are still bearish they will wait for the rally and then re-short from a higher price level. You have to think from Risk/reward standpoint and how money would flow accordingly.

### REPLY:
I only buy the news and sell the rumors

### END.