https://seekingalpha.com/article/4156666-apple-tech-rally-exhausted-time-hedge
- Seeking Alpha often focuses on bottom-up investing: company-specific data. Most of a stock’s return is related to both the market’s movement and the sector it is in.
- Apple has rallied despite naysayers, alongside most of technology. Investors with limited technology exposure have suffered.
- “The trend is your friend” is common guidance that many value investors ignore. Investors that have bought out of favor value have done awful in recent years.
- Trends eventually break. Hedging technology firms like Apple is starting to make sense; selling covered calls is a time-honored approach to doing so.
The trend is your friend.
Be fearful when others are greedy and be greedy when others are fearful.
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