So you think it will close flat again today? I doubt it and here's why. There is a rotation from the high flyers like CRM, LNKD, GOOG and AMZN into the beaten up stocks. This is a logical rotation into earnings. Stocks tend to mean revert into earnings. Shorts and Longs taking profits and don't want to lose their gains into earnings.
Stock closes flat and that's scary to you? Try trading NFLX. If AAPL's tiny percentage move today is scary, then NFLX must be downright frightening. Today's move in AAPL was nothing. Literally.
Needs some news to get of the $34-$35 range. Otherwise, it is stuck until earnings frustrating both shorts and longs. Patience will be tested on all traders.
You're totally wrong. AAPL is my most profitable trade this year. I buy calls when the daily trend turns postive (which has been in the low $430s) and sell and buy puts when it goes negative (which has been above $465). The short term trend in this stock is very consistent, even you should be able to figure it out.
Institutions are simply trading this stock between $420 and $480. Just hop on for the ride. Don't be scared that the stock is in the $420s. Buy it hear and sell it when it gets above $460. What's the big deal.
Fear not grasshopper. Hedge funds missed the turn in the morning so they are selling. They will buy again under $430. This stock will definitely be above $450 by earnings. Shorts will fear a dividend increase announcement. They will wait until after earnings to short again. You can buy without fear at these levels.
That's been a smart idea since the options have a high premium. But they may surprise to the upside with earnings. Could be $40 in a hurry
Okay that makes sense. You like to short stocks near the bottom of the range. If you were really smart, you would have shorted this stock near $110. You missed $20 points and now you want a measly $2 bucks? Keep dreaming. This stock should be in the $90s before earnings.
That's precisely the point. It was such an extreme move which needed to be bought at some point, or did you think it was going to zero? Apparently you haven't heard yet. Stocks actually go up in the face of bad news if they are under valued. Clearly AAPL overshot to the downside This move is a trade, and perhaps a long term investment. Sitting on the sidelines doesn't make you anything but a spectator. See ya!
Except for AEA. He has so many shares short that him covering alone should propel this stock to $500 in the next few weeks.
Where will your next short be, $462? You may get the chance later today. I really feel bad for all your loyal followers. Your day trading indicators just aren't working today.
What's all this non-sense about pinning? You're assuming someone is controlling the price of the stock. This is the digital age. That may have happened 20 years ago, but no one can pin a stock price with this liquidity. Maybe a penny stock or something that trades less than 100,000 per day, but certainly not AAPL. Don't quit your day job!