Seems so obvious.
Sold for $3.10 for a quick triple. I am going ice fishing. Happy trading everyone!
Its about to break. I will be out hiking for the rest of the day.
We sold off all day. Doesn't look good for tomorrow. We could be down $20 a share. Possible.
Not as good as my $565 put buy this morning for $1.15. I am almost a double.
How low will we go before close tomorrow.
We have had a great run. Anyone that bought on the Carl Ichan pump was smart. But $572 - $575 is major resistance level. Disconnect your emotions and your ego. Take your profits. Get back in at a lower level. The combination of shorts circling and smart people taking profits at the top will drive Apple down $20. It doesn't matter what the fundamentals are. Just supply to demand dynamics will cause the stock to pause.
Apple has the responsibility to make a no material change statement when they see there stock go up on a bunch of rumors and a big #$%$ billionaire bully that wants to take all the furniture from the front of the boat and move it to the back with his buy back plan which in its self is proof of desperation on the part of the company. They will guide lower to protect there credibility and to protect stupid investors.
I am only a day trader. I have no idea what Apple will do in next several months.
The news that everyone has known about for months and months.
And I think that is where we are now. Just bought the 565 puts that expire tomorrow for $1.15. Good luck to all.
Apple closed on or near $572 on April23/12, May 7,8,9,23,29 of 2012, June 6,7,11,13,14,15,25,26,27,28 of 2012. $572 was support on July25,26,27 of 2012. It was high of day Nov20,23 of 2012. Thats the last info we have at this level. Wait for $572 tomorrow and buy the Dec6/13 $565 puts for $3 or soo. For a quick double by Fryday. Note this is a very very high risk trade so only bet what you are prepared to loose. I have a history of being very wrong.
Close tomorrow at $565. Then Thursday $555. Then who knows.
The cats out of the bag on the China Mobile deal and we only do $1.86 from yesterday. On high volume. Looks like a top to me. No amount of volume will push this thing up higher.
All the people that shorted yesterday are covering. All the stupid people escaping the S&P today are piling into Apple with the illusion that it is some kind of safe haven. Some very dumb people that missed the move from $460 to $560 are jumping in at the top. Not to mention the market makers are trying to get this as high as possible so the puts will be nice and cheep. We have not even made it to yesterdays high.