TA shows aapl stock is going down in an up market, period. When the market rolls over soon, aapl will follow. The stock looks broken here closing below the 539 with heavy volume. Trade what you see, not what you think or want...Number one rule in trading...Sentimental traders lose 90% of the time near term...
Really..I have made 26K some of it in 2011 and some in 2008...not big money to some but works for me...I actually wish I had held it from 2008 forward but life got in the way and I bought homes instead (mistake)...and they were all common shares as my position is now.
This stock is being driven down by an overwhelming amount of negative sentiment. The negative sentiment and rumors are being put out there because, currently, the financial press is in love with TA. The TA becomes a self fulfilling prophecy in this case.
My main point is that the trend seems to be sell aapl at every pop, not buy the dip. So, trade aapl the way it's trending, and to me it shows that it wants to go down further, not up. Until that trend changes, a long and hold position may suffer in the near term, agree?