Don't worry, there will be some buyers of this dog next week. It's inevitable. Shorts who have made a killing will have to cover at some point.
Once it broke below $24.72, the shorts could smell blood and they are piling on with reckless abandon. This should see $23.50 next week unless the big Z comes to the rescue with news on a new FB feature that will send this stock back to $27 in a flicker.
How would you like to wake up one morning and find out that Carl Icahn has taken a big stake in AAPL shares? aea_45, aea_fyi1, aea_fyi2, and all your followers would get squeezed to $500/share.
Are you claiming victory because you tried to short this stock and it just wouldn't go down while the rest of the market sells off? You sound like a very frustrated little person!
What you don't think a forward P/E of 30 is reasonable? So you must think AMZN and LNKD are shorts of the century at forward P/Es over 80 but yet they keep going higher! Compared to those stocks FB is a bargain even at $50/share. Remember the greater fool theory.
Good call on the overall market. bad call on AAPL. If you haven't noticed, AAPL is not tied to the market. In fact it has an inverse correlation in the last 6 months. So as the market drops and stocks like GOOG should continue to fall, AAPL will likely continue to buck the trend and grind higher. The charts tell the story.
Really? You must mean GOOG. AAPL is up in a decidedly down market. You sure you're looking at the right stock? I think you're confused.
I agree as well. GOOG should easily sell off to the $844 level, the previous high, in the next week or so, although it won't go down without a fight. A lot of "greater fools" out there that will try to buy on any pull back. AAPL should grind higher, but there are a lot of weak hands that may still sell with the overall market sell-off. Should be good support at $435 if $440 doesn't hold.
Well there you go. Broke $900. This could mark the start of a reversal. If so, no support until $844, the previous high. Be careful if you're still long. Stop loss at $900 today would have been the wise move.
You're obviously missing the point of trading this stock. The WDC is nothing more than a catalyst for the stock to move higher in the short term, regardless of what is announced. It's really that simple. You buy on the rumor and sell on the news. Over-analysis will not make you any money! You can quote all the negative metrics you want as the stock continues to rise into the event.
Then you buy into the conference and sell just before. Otherwise you'll just be sitting on the sidelines watching the stock grind higher. That's no dream, that's reality.
If you're a day trader perhaps. Much more upside ahead for a swing trade. Market can sell off but AAPL should trend higher into the Developer Conference in June. Go ahead and take your measly 1%.