Bookkeeping: Taking a Bite of Apple (AAPL)
Trader Mark (June 12th, 2008) Writes:
Again, I cannot short individual names but I would of liked to short Apple (AAPL) for the near term as I wrote a few days ago [Jun 9: Apple Buy the Rumor, Sell the News?]Don't look now but this chart has all the makings of a double top. I can't short individual names, but this might be a short term short, at least until the $160-$170 range.... in lieu of that I have just cut back the long position, awaiting lower entry points to rebuy. We'll see if I get one.We are down to the first support, 50 day moving average ($172) so I am beginning to rebuy, but only a bit here since this is definitely a double top we have formed. I'd much prefer the 200 day moving average of $161 (or lower - maybe low to mid $150s would be ...
Tags for this Post:
150s, AAPL, Appearance, Apple Executives, Black Turtleneck, Bookkeeping, ceo, Co Founder, Current Market News, Environment, Faded Jeans, Few Days, Genius, Keynote Address, Market Plunge, Moving Average, Personal Position, Sick Puppy, Stake, Steve Jobs, Stocks to Watch, Undercurrent
150s, AAPL, Appearance, Apple Executives, Black Turtleneck, Bookkeeping, ceo, Co Founder, Current Market News, Environment, Faded Jeans, Few Days, Genius, Keynote Address, Market Plunge, Moving Average, Personal Position, Sick Puppy, Stake, Steve Jobs, Stocks to Watch, Undercurrent


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