This One's for All the Shuffleboard Bragging Rights

It seems a bit too cute that just a few weeks after Carl Icahn announced he no longer had a position in Apple, Warren Buffett now comes out and discloses a new position in the name. 

The billion-dollar bet on Apple seems at odds with Buffett's general philosophy regarding technology firms, since he has freely admitted his general ignorance on the topic and has bemoaned the inability to look out several years to assess the relevance of the tech products in the here-and-now. Of course, we all know the IBM disappointment, though Buffett has continued to add to that stake. 

But given the Ackman-Icahn-Loeb feuds, among others, it seems that gamesmanship has taken on a ore prominent role about the very wealthy and public investing figures these days--The head-to-head confrontations seem to be even more in display than usual.

And Buffett stepping in as soon as Icahn stepped aside seems to jive with that pattern. 

As for AAPL's chart, it remains damaged goods but was due for a bounce anyway.

If price makes its way back up to the 20-day moving average this week (orange line on daily chart, below) I would look to see if the Buffett Bounce runs out of steam for a short entry.