I happen to be short at this time, love the company the products the future prospects but the technicals tell me to be short. Would like to know short or long why you have taken your posistion. Please give supporting facts and I will as well.
I actually called the bottom on Nov 16th and held it from 530's to 590 and sold my Calls with over 500% profit. I got out and haven't been shorting yet but will do so when it breaks 520 support. I just started shorting AMZN since last Friday and if you look at the chart AMZN is a cofirm short. Let me know what you think.
long is the way to go....i rode puts down from 688 to 564.....did real well.....i bought calls again at 519 in the morning and believe it or not, one of my best trades ever, i sold the calls at 539 and then bought puts the same day at 551......just sold the puts this morning at 523 and bought calls at 525 this morning......i really like apple at the 525-530 level because its always come back and closed above 525.....i think we will see a good move up due to tax selling and the eventual news out of d.c. ....the fundamentals are still in place ...even the estimates that were cut were 200 bucks higher than current pps....i am holding april calls at the moment .....downside risk is limited compared to upside gain, jmo
I tried to experess how unlikely I thought $300 was but that is what the charts
say are possible.
You are right I have no Cred so by all means do your own DD. I'm here to see what everyone else is thinking.
easy..blowout cash flow generating machine. ZERO upside is priced in...but yet 90% of downside is. take your TA and shove it on this one
apple is the 1 stock with the MOST TO GAIN out of any fiscal cliff deal
can be up 100 in a flash with all the converted bears very slow to realize things have changed.
Is far more difficult to make money long than short at the moment, I prefer to trade short, then.
My view is technical: Short term trend is down and is closing very close to the lowest closes after 640. Falling knife. I expect another test of 500/520 area in the next 5 trading days. Is what the market does for a living.
Longer term technical view: If you look at the daily chart, there is no (clear) support until 430.
I believe that the support will come when something "on the fundamental" happens, but from that point of view it seems that the market is lowering the P/E it wants to pay for AAPL. No idea of which is the magic number, of course.
Long term fundamental view: Strong BUY
Sentiment: Strong Buy
I'm long for investment and have been for years. But I also trade almost daily. And I may buy/sell Calls/Puts all in the same day. I watch Bolenger bands, RSI, stochastics and trading channels/ranges. I study channels and RSI turns every day and never treat today as yesterday. It never is. I have lots of hope for AAPL but no expectations. A down day is and an up day is all the same to me when I'm trading. I just care about direction and momentum. I trade to trade another day. I buy too high and sell too low and focus on not losing money, hopefully making money in the process. I carry and enforce very tight stops. I'll likely never be rich (except according to the President) but I make a good living. GLTA