Merry Christmas

In my recent book , I highlighted a distinction in between cointegration (pair) trading of price tag spreads and log cost spreads. A lot of of the newly issued ETFs, or exchange-traded funds, that are developed to match the key stock industry indexes are traded on the Amex. However, if Apple meets its 2013 earnings estimates, it is not unreasonable to assume the stock will trade in between $600 and $900 per share in 2013. AAPL is relatively valued, with a Value Earnings ratio (PE ratio) of 15 following the stock split, which place the stock in a $92 to $94 per share trading range.