What short wants to hold their position for Wednesday when the full market gets back in motion and the MFund MMs start snapping up Aapl for their end of year window dressing? Maybe Aapl retracesa few points but the downside for shorts is way bigger then the upside. And of course if anyone comes out with an uprade or any positive news like Japan, zoom, we are up to $205-210 by the end of the week. Whatever your individual position, Happy Holidays and best of luck to all!
I think by earnings $210-$215, but a jump that high by the end of the week would result in some selling off. Keep in mind, this stock hit $178 briefly last week. Those buyers are up almost $20 already.
True. It won't get there just on speculative buying. Will have to be some positive news. And then it probaly will hit it and pull back some. My number up to earnings is $220. After earnings, could do a RIMM and hit $240 easily.