Boom!
- Thread starter lwlee
- Start date
what are your thoughts on aapl. next week market may pop, but apple just broke support...
Funny you should mention Apple. My cost basis is $126. Recent weakness is a real cause of concern. I was thinking to buy some at the close in order to bring the cost basis down. It would be short term play.
The other option is buying puts but I wanted a better price. The late day surge helped. I may buy them Monday, hoping for a follow through for a even better price.
The other option is buying puts but I wanted a better price. The late day surge helped. I may buy them Monday, hoping for a follow through for a even better price.
I don't like to predict beyond the current day in most cases.
I was short 2000 of AAPL and RIMM and I give my stops a little wiggle room. With those size of shares it doesn't take much to start feeling a little pain. It was my fault for being in late on friday and reshorting after the long moves down. Its part of the game so I am not crying. I could have used better judgement and saved myself from that scenario, but those futures breaking down after 3 had panic selling written all over it. Then again, I can't anticipate breaking news either.
I think AAPL has room to break below $110 briefly, but like I said I take it only as I see in current time. With all this B.S. going on I won't take swing trades right now because only God knows what will happen overnight.
AAPL is showing a massive descending channel and these channels are meant to be broken to the upside. Can't say when but its coming any day.
2000 of AAPL and RIMM?!?! that's about 400k, big player u r
:eek: :eek: :eek:Quote from dinoman:
I don't like to predict beyond the current day in most cases.
I was short 2000 of AAPL and RIMM and I give my stops a little wiggle room. With those size of shares it doesn't take much to start feeling a little pain. It was my fault for being in late on friday and reshorting after the long moves down. Its part of the game so I am not crying. I could have used better judgement and saved myself from that scenario, but those futures breaking down after 3 had panic selling written all over it. Then again, I can't anticipate breaking news either.
I think AAPL has room to break below $110 briefly, but like I said I take it only as I see in current time. With all this B.S. going on I won't take swing trades right now because only God knows what will happen overnight.