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Apple Inc. Message Board

  • sherlockshah sherlockshah Mar 2, 2013 12:44 AM Flag

    any of you feel todays appl price was simply option expiration move?

    I Mean the volume was not even average?? I bought 435 calls that expire next week. SO far im down on them as it seems i bought a falling knife. I am hoping for 10 point recover next week. THOUGHTS?? ANY technicians here?? CAN this be double bottom?

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    • I doubt that it is a bottom. Phones have now become a commodity. Samsung, HTC and others are all packing features in there smart phones and are selling them at lower prices. AAPL will be forced to compete in a lower cost market, which will not be good for the bottom line. Remember Motorola? They failed to innovate and fell behind. Even if AAPL comes out with a new product the competition will be all over it in just a few months.


117.65+0.31(+0.26%)Oct 24 4:00 PMEDT