Shorts are worried about next week since Apple going higher
Man just think how many "shorts" get taken out when we push over $500 early next week. Could be a blood bath but my guess tells me they will be jumping ship over the next hour and early Monday morning. Of course that means jumping ship missing a leg or an arm.
They should be very very worried because the catalysts are starting and there are so many on their way that will drive us up so fast the shorts won't be able to get out in time. We could get some great news as early as this weekend even!
We could easily see over $500 next week. I would frankly be very surprised if we didn't.
If we close $475 or higher - shorts are fried next week. Apple's annual meeting is on the 27th and you know there will be strong buying going into what could be huge dividend increase, a huge Apple share buy back or maybe preferred stock to the masses. In any case its certainly not the right time to short Apple when Cook is coming out with Christmas presents in two - three weeks.