iPad Hype: the Norway Connection (AAPL, QQQQ)

So here we are. Apple (NASDAQ: AAPL) is at all time highs. The stock is up another $5 today. The Apple/PowerShares QQQ Trust 1 (NASDAQ: QQQQ) slingshot trade has generated huge returns.

We're waiting to sell until Apple moves against the market to the downside. But what is really going on here? This stock action certainly isn't happening because mainstream investors decided they wanted to buy in last Friday. This isn't investing 101.

This is advanced hedge-fund action; so let's make an effort to understand things from their point of view.

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