Quote from trader198:
still buying this out of favor APLE?
bought some put 590, 590 is the resistance, it will go down to 575. if that breaks, we will see 530 maybe this week or next week.
normally a temp bottom is a sharp drop, then retrace. aapl did not have this pattern yet. I anticipate it drop through 575 to 530, then some barigin hunters may get in.
look at NFLX reversal patterns, you know AAPL is doing the exact thing now.
lots of big guys already out, think logically. if there is no big guys on this stuff, what will happen, small investors will have no chance to puch it up, just like a rock, drop drop...
mmm, buy dips is cute