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  • myronblender myronblender Dec 7, 2012 1:31 AM Flag

    AAPL ended day green, after hours green, NASDAQ futures green. That means Morning Green:-)

    I think the death cross is irrelevant for AAPL. There are a lot of Put options but just as many calls and they balance toward the calls, that doesn't fly. Dividend is over so any selling based on that is done today or worst case tomorrow. Heading into Christmas is not usually a big mover for AAPL but with Mini and iPhone walloping all estimates that may bolster the PPS. If the run up to earnings runs on the back of a Santa Claus rally, we could have a big December. So we may go down but this is certainly not an easy short. In fact today's reversal short squeeze was a warning shot over the bow. Tomorrow is the key, If tomorrow is an up day with some volume, there will likely be a huge rally for the rest of the month and into January. Good luck.

104.21-0.13(-0.12%)Jul 29 4:00 PMEDT