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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

They All Want Apple Again, Just a Tad Lower

chessNwine Mon Dec 17, 2012 9:25am EST 2 Comments

So everyone wants Apple below $500 for a quick washout now.

Too obvious to happen? Speak up in the comments section. I am still short Apple inside 12631, but at this point I say we either stay above $500 or a move below $500 is no as quickly bought up as many bulls seem to think.

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2 comments

  1. mrkcbill
    mrkcbill
    December 17, 2012 at 9:29 am

    Watching the game yesterday with buddy ….he said he is buyer sub $500….gonna be baggies all the down to $420 ish…. Only way to play AAPL is to hold it for a couple of years.

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  2. sspiff
    sspiff
    December 17, 2012 at 9:59 am

    I like AAPL lower. I am long some Jan 500 puts and short 2x of the 470 puts. If put to me I would have a basis of about 430.

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