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Apple Inc. Message Board

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  • falksd3 falksd3 Feb 19, 2011 3:23 AM Flag

    where will this bottom out?

    The boy cried "Wolf !" again and it was options expiry yesterday. $340 was max pain (MA 50) - they got it pinned to $350 (MA 20). Not bad, but that's probably as far as it goes. AAPL usually bounces back after OPEX and $353 - $354 seems entirely possible Tuesday morning. I don't think we'll see it break the MA 20, but if it does, its MA 50 isn't too far away at $340. I really don't think it'll go down that low because lots of people will start picking up the stock in the 34x range. Your saftes bet is probably to average down your position, incrementing it in bits each time we get closer to $340.

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