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Apple Inc. Message Board

  • musichead2005 musichead2005 Nov 17, 2012 8:46 PM Flag

    longs, you can still make your money back on apple by shorting it

    gotta fill the gap in low $400's gggggggggggggggg

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    • Also, I have observed that your posts often carry a tone of arrogance. I'm not passing judgement or ridiculing you as many of your "posted" trades have been spot-on for which I commend you. Just don't let it go to your head, because we all know what can happen when one let's arrogance cloud their objectivity and focus.

      Nosmo

    • m2005, that gap will not be filled unless there is some major global and/or economic catastrophe. Even then, that may be a stretch. The risk, now, is to the upside, and pressing one's short right now would be irresponsible. I covered my most recent short from 547 and went long at 511.53 avg on Friday. I was hoping for 502.69, but considering the positivity of the talks of Friday, it was prudent to cover and move to the long side. Now, I'm not saying that the talks will not break down, or the "resolution" will not be acceptable to investors; however, in light of the recent sell-off, the apparent positivity of the talks, the positive press for AAPL, and the talk of Apple TV now coming back to the forefront, one would be foolish to press their short position for the time being. Whether you believe in the long term picture for AAPL (the stock) or not, the only way to play AAPL at this moment is to either be long or on the sidelines.

      Nosmo

 
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