AAPL

[ScalperJoe]

could really use a nice short squeeze to flush out the crowded short traders

AAPL has around 1% of shares sold short, most are long the stock. That $92 level was key, and it broke, probably causing a lot of weak hands to get shaken out. The bar had to reverse quickly (see post above), and apparently it did with their $1 billion stake in the "Uber of China" and now the Buffett announcement.

You're right though, for those who were short in the 100's, probably now is a good time to cover. Betting for a "crash" on the most widely held stock among the main indicies with a very low short interest is fool's gold.

 

[Covertibility]

The giant got over the 93 rope after holding the 90. The giant has reentered the ring. Long AAPL.

 

[Phill Twist]

No need to worry where price will head. If u like and u are long-term investor just wait till it hit bottom or sell put downside proct

 

[Lloyd W. Coutee]

feeling like a bull trap...spy looks very weak moving forward...don't be a hero here..nothing like trapping longs w/ a buffet

 

[Covertibility]

The giant, laughing it up while choking the shortsellers.

 

[Covertibility]

I'm out of this. This market is too crazy, take profits when ya can.

 

[felixbocharov]

Before this stupid FOMC meeting I was expecting stock to rise to $100 by the end of the month.

 

[felixbocharov]

That was a great day guys, have a great weekend!

 

[Jamie J.]

It's really a nice day! I think we won't back to $90 again.

 

[ironchef]

With the cash in hand, even if they had zero profit and zero new cash flow for the next 8 years, they could pay for the capital expenditures and dividends during those 8 years; profit can drop by 1/2 from the current quarter and they can pay for all dividends and capital expenditures without dipping into cash reserve; if you back out cash reserve net of long term debt, its stock had an effective PE of 7 @ a stock price of $90.

SPY has a PE of >18. What I am missing? So $90 looked really good to me and I went in the other day.