AAPL - My Favorite Cash Cow

[Martin Gale]

Day trading AAPL is like milking a cow for me -- it just keeps on giving. It has everything you could want for day trading: volatility, liquidity, easily shortable, and -- most important of all, it trends strongly. Just wait for basic technical patterns (e.g., today at about 3PM EST it began to break down on strong relative volume) and jump on board.

FYI, my basic filter is:

NASDAQ
Average True Range(10) > 1.35
Close > 10
Close < 80
Average Volume(90) > 3000000

This gives:

AAPL
BRCM
SNDK
NVID
MRVL
ERTS
GILD

But AAPL is, for me, much easier to pick off technically. Anyone else have a favorite cash cow?

 

[r-in]

AAPL was it for me also. Last year I got back to trading equities and AAPL was the hit of my parade. Haven't been in equities yet this year as I was deciding whether to get in on an LLC deal or go and get license route. Good to know its still there!