Profit from the Jennifer Lawrence Nude Photo Flap
If you have not been watching the news, here is the scoop. The young female actress who plays the lead role in the Hunger Games series of movies is justifiably upset. It turns out that a hacker hacked into her iCloud account and copied photos which the hacker then proceeded to post on the internet. The hacker did this to this actress, Jennifer Lawrence, as well to other Hollywood actresses such as Kate Upton and Ariana Grande. The reason that Ms. Lawrence and others are upset is that these photos were nude photos that these young women had taken of themselves and put, for safety reasons, in the ICloud for storage. Our question in this regard is how can you profit from the Jennifer Lawrence nude photo flap?
Today’s and Yesterday’s News
There is all sorts of lascivious interest in these photos. And remember that in today’s world the news cycle is increasingly shot. This will be big news for a while and then it will go away. In the meantime can you profit from the Jennifer Lawrence nude photo flap? Will a little timely technical analysis of AAPL result in short term profits?
Apple Inc. is an American success story. This company invented the desktop computer. Anyone who bought stock in the early 1980s has seen the stock go up 150 fold. More to the point anyone who bought the stock when Steve Jobs came back in1998 has seen a hundred fold increase in their investment plus dividends since 2012. For the stock trader the stock peaked at $100 a share in 2012 and fell to $60 a share late that year. In just the last few months the stock has gone from $80 to $100 a share accounting for a stock split. The issue now is if the nude photo flap will hurt Apple stock and if a trader can make a profit.
The iCloud Issue
The actresses who are mad at Apple saved their photos in supposedly secure folders in the Apple iCloud service. A hacker gained access to image folders of several of these women and published their nude photos on the internet because the service allowed unlimited attempts at logging in. This is way of logging in is not the norm on the internet. Many of us have found this out the hard way when we tried the wrong password and were locked out of an online account after three attempts. In addition, when this writer travels and tries to log into his Gmail account from a different nation he receives a message from the folks at Gmail asking him to confirm that the guy logging in from the far corners of the earth is really him. Apple was not doing this sort of Internet Security 101 procedure and several well-known actresses are justifiably angry. In order for one to profit from the Jennifer Lawrence Nude Photo Flap there has to be a short term drop off in AAPL stock followed either by another fall or a recovery. There are many trading strategies.