that is the 38% fib from the '09 lows to the $700 highs. That's where she's going. those who bought puts today for .02 or .05 per contract, will make 2000%+ gains tomorrow. Not bad for those who bought the $450 put which expires tomorrow. Longs/hogs get slaughtered tomorrow with a 11% selloff
You will remember this post
Ha, keep buying it while it drifts lower. did Cramer teach you that one? lol. if you are averaging down, like Cramer says, you shouldn't be investing. only add to your position if you are proven correct. if proved incorrect, get out with your tight stop....no mental stops. if you want to feel pain, just cut yourself, but don't buy AAPL because you will feel pain and lose your money.
What do you think is going to happen when AAPL takes out the recent lows? how many stops are placed at $495, $490, $485. The MM's are going to take out the stops tomorrow and the big boys will scoop up the carnage at $465. How about all those Put sellers that thought they were making EASY MONEY buy selling those $500's and $510 puts today. ooops. looks like you just lost your shares and will be paying taxes on the gains. ROFLMFAO