I'm shorting AAPL and GOOG

Quote from traderNik:

Christ, just looked at that chart you posted. You look in the dictionary under 'Don't short this stock!!" and you'll find a picture of this chart. Unbelievable that anyone would think this is a high percentage short, for about 3 or 4 separate, unrelated reasons.
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Perfect symmetrical triangle in an uptrend. The mistake the OP made was shorting it after it broke out of the triangle, through the previous resistance level and continued to rise, making a new high.

Once price makes an all-time high, there is no resistance, there are no losers among the AAPL shareholders now.

The only short signal would be a lower high at this point.
 
Watch them drop today. There is no better time to short GOOG or AAPL then right now.

Save it with the garbage from the trading rags and the technical analysis books. If the guys who authored those rags knew how to trade then they would not have to write books to make money. I love trading rags because I need a little kindle every now and then to make a fire when I go out hiking for a few days.

Back up and watch how a real trader makes his cash. Where are the naysayers now? Where are you now maggots?!?

I made no mistake in shorting this stock NoDoji idiot. I can tell you where your mistake is though and thats placing trust in that garbage you call charting. You would have made money this year if you just followed me. I am up over 200% since August alone and it would have been more if I had not gone down the wrong trail a few times.

Its time to make some money. Back up fools and idiots with your trading bullshit. Watch how a real trader makes his wad.
 
Quote from retaildaytrader:

Watch them drop today. There is no better time to short GOOG or AAPL then right now.

Save it with the garbage from the trading rags and the technical analysis books. If the guys who authored those rags knew how to trade then they would not have to write books to make money. I love trading rags because I need a little kindle every now and then to make a fire when I go out hiking for a few days.

Back up and watch how a real trader makes his cash. Where are the naysayers now? Where are you now maggots?!?

I made no mistake in shorting this stock NoDoji idiot. I can tell you where your mistake is though and thats placing trust in that garbage you call charting. You would have made money this year if you just followed me. I am up over 200% since August alone and it would have been more if I had not gone down the wrong trail a few times.

Its time to make some money. Back up fools and idiots with your trading bullshit. Watch how a real trader makes his wad.
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While I don't do stocks anymore, and I agree with other's tech analysis against a short at this moment, it is indeed clear that we are overdue for a correction.
 
Quote from NoDoji:

The only short signal would be a lower high at this point.
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Very possibly I am an idiot; not certain, though, because I missed the exam last month.

Notice, however, how the pullback from a lower high off the open today provided a nice counter-trend move of almost $3.

If you waited patiently for this entry zone, no pain, all gain.
 
when the real trading starts next week, you'll get a better feel for direction.
sure its due for some selling, BUT the golden rule says " don't short stocks in bull markets or trends" . period
I know someone who lost 6 figures because of the lack of trading rules.
 
While I agree that the longer term charts/technicals, etc all seem to cry "bullish", AAPL can be described as bearish when you look at it on a smaller time frame (made a lower high on the 15 minute and seems to be knocking on the $209-$210 support area, which could send it lower). Also, the dude's handle is retail-"DayTrader" not swing, position trader, etc, so it's just a matter of which time frame you are trading...you can make any chart look bullish/bearish if you pick the correct time frame.
 
When someone makes a sweet trade, some of you get jealous and attribute it to luck. When the market doesnt move your way, then you blame it on manipulation and Goldman Sachs. You follow these holy grails of written rules. I am going to stop you right there. All of that is obviously wrong, not the case and so you need to re-think. Throw out those charts and list of rules because they just do not work. Work on the P in the P&L.

I operate on fact. The fact of the matter is that Steve Jobs went through a very involved surgery earlier in the year where one of his organs was transplanted. A complx procedure and Jobs still is not well. The market has gone straight up and, of course, forgot about Job's health condition in the hoopla.

I have received word there are still problems with Steve Job's overall health. Some sophisticated investors have recently been informed...those who are close to Apple. You wont know any of this until after the stock tumbles 10-20%. Thats just how it goes.

I know some of you guys just discovered the AAPL trade and want to think and believe it will go to 400 from here. That is the type of thinking that has gotten you into trouble time and time again. The real truth is that now Apple is contending with much larger hidden issues that Apple will not disclose to its stock holders and sophisticated investors are now exiting at the top while you sit there bagholding your aapl shares. Soon we will see messages on here about how they are stuck in Apple and asking what to do. I have the answer, short the stock. Thats what I am doing.
 
I've been shorting AAPL yesterday a few times. I've shorted it today a few times again, and I was long a few times too. And what difference does that make to me.

best of all, I could've told you 5 days ago!!! nananananana :p

seriously though, it looks like it can go sideways for a couple of days, between 205 and 212.
or it could indeed test 198 in just a few days, making the Closes of 12/24 and 12/28 look like a failed breakout.
if it then makes further lower Closes, I might consider a new long term bear trend.

but why the hell am I doing my own analysis? I just need to follow that person's gut feel :mad:
 
while I agree both are coming down, you were stopped out on both trades. apparently you doubled down which almost always leads to a blowup, they look safe now

yes most here dont trade and post crazy comments...doubling down is a flawed plan.
 
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