At 52-wk low. Any thoughts?
AAPL has bottomed
- Thread starter fareastcoast
- Start date
I'm still on the sidelines. Risk of breakout down is pretty high right now. I'd rather get in 1% higher than risk losing my shirt of it decides to go through the 52 week low.
Yea, so about earnings. I don't think AAPL will miss again. And if it does miss, it won't be a 10% drop like last time.
If you have a high risk tolerance, buying in advance of the earnings could be smart. There's also a good chance the price runs up prior to earnings as well.
And of course, if it beats, or just matches, upside of 10% is not out of question.
If you have a high risk tolerance, buying in advance of the earnings could be smart. There's also a good chance the price runs up prior to earnings as well.
And of course, if it beats, or just matches, upside of 10% is not out of question.
I'm back in, stop loss at 419.
Weekly chart: MACD buy signal approaching
424 is now the level to beat on the upside. a lot depends on the market in general, aapl has been tracking spy well intraday.
Just to update, what happened was the 419 stop loss was hit. When this happened, my position flipped to the short side (when I hit a stop loss, I always double sell and go the other way).
Still short right now, but looking for guidance on a good point to cover. Most likely will cover prior to earnings. My guess is a lot of people will cover tomorrow as well so the stock could actually go up quite a bit.
Still short right now, but looking for guidance on a good point to cover. Most likely will cover prior to earnings. My guess is a lot of people will cover tomorrow as well so the stock could actually go up quite a bit.