The AppleInvestor Apple Auto-Trader is a completely autonomous robot trader with a sophisticated statistical engine and risk management system. Here’s the info page on it, and here’s a post describing how it works.
The Auto-Trader was in a long position it took yesterday (Monday morning at approximately 10:30 AM EST) just above the bottom at $394.59, which is just off the 1 year low. The Auto-Trader got out of the position Today, the next day, just moments before the Apple Earnings call in extended market trading for a $1,645.47 gain at $406.26.
The interesting thing about this trade is that just before the earnings call, when the earnings data was released, traders got extremely excited about the numbers, because for the most part it beat the street. The trouble came when the earnings call commenced, which was about 15 minutes after the scheduled time. Tim Cook was asked about big screen iPhones, and he said it wasn’t in Apple’s immediate future. The price tanked, see the chart below the Auto-Trader.
So, all in all it was a good day for the Auto-Trader and a hair-raising day for Apple investors.
Auto Trader Closed Position April 23 – After Hours close prior to earnings (click to enlarge)
Here’s the action after hours. This is a 1 minute chart. There’s a meteoric rise when the numbers were released, followed by a crash back to close of day values. That’s almost 4% of gains there one moment, gone the next.
One min Chart showing meteoric rise when earnings figures are released, then all given back and more after TC says no big iPhone (click to enlarge)
Tell me, what do you think?