I'm shorting AAPL and GOOG

As I was typing this, I turned my attention away from the market and the mid/small caps tanked. The VIX spiked.

I went ahead in afterhours and added to my short of AAPL in anticipation of the New Year.

If the VIX spiked towards the end and the midcaps/xlk/qqqqs/etc turned the corner, AAPL will soon turn the corner too.

We in for a slide on Monday.



AAPL isnt my only short on this market. I dont have the time to talk about other things in my book. I mentioned SRS in another thread;)

HAPPY NEW YEAR! Have a good long weekend!
 
RDT, you responded to my post with an arcane post of your own but failed to answer my original question -- how are you even on the position when you were stopped out once for a few point loss, then reshorted again with AAPL now a couple points higher than your price?
 
Simple answer. I set my stops too low originally. I went back in on the short at the pricing I could get at the time. My expectation is a slide on Monday for all the reasons I outlined here. When it breaks 209, then I will add some more.

Quote from showyouwang:

RDT, you responded to my post with an arcane post of your own but failed to answer my original question -- how are you even on the position when you were stopped out once for a few point loss, then reshorted again with AAPL now a couple points higher than your price?
More...
 
Quote from showyouwang:

RDT, you responded to my post with an arcane post of your own but failed to answer my original question -- how are you even on the position when you were stopped out once for a few point loss, then reshorted again with AAPL now a couple points higher than your price?
More...

Neocalculus. His stocks trade in nonlinear paths! He sells at 206 and covers at 212 and books a tidy profit. Incredible, right?! That, or he's too feeble to recall all of his BS.
 
You know what is bullshit? You are sitting there at a computer before New Years typing to people who wont read these messages until they get back to work on Monday. Everyone else is getting ready for a party while you are at home. Dont you think thats bullshit? I would be incredibly mad if I were in your position. I would think thats bullshit.

Well, I have to get going to a party myself. You have a Happy New Year. May I strongly suggest that you do not spend it on Elitetrader.com? Call up your family and friends. Spend it with them. Good luck to you tonight and be safe.

Quote from stock piker:

Neocalculus. His stocks trade in nonlinear paths! He sells at 206 and covers at 212 and books a tidy profit. Incredible, right?! That, or he's too feeble to recall all of his BS.
More...
 
Quote from showyouwang:
How are you even on a trade where you were stopped out for a few points, and then reshorted so that you are down another few points?

If you, sir, deal only in "facts", then how does that math work?
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Inconvenient facts like these don't get in the way of people like rtd. Like stockturdler before him, he'll just ignore them and keep on plugging away.

A quick search of this young person's other posts will tell you most of what you need to know. Interestingly, it turns out he's actually a carpenter by trade. Most of the trades guys I know are firmly rooted in the real, but there are always exceptions, I guess.
 
Listen you (experienced) trader, had you listened to some of us then you would have shorted PALM or other weak names then you would have made a multiple of what you could have ever made with google or apple shorts. Thats something you REALLY dont seem to understand. You just lost money, relatively speaking, you underperformed a lot of other names.

So I am again asking you, WHAT IS YOUR POINT to try to ride some of the strongest names on the short side???


Quote from retaildaytrader:

Listen to me, listen to an experienced trader. Apple is going to slide to 150 or so.

Two days ago I started this thread to warn you what was about occur. It was a civil service message, a free message, the best tip you were going to get. Most of you replied back with lists of trading strategies from books that I am using to build a fire in my fireplace. Some of you replied back with various bits of profanity or telling me how much cash Apple has on its books.

Now we are waking up to the futures sliding. I bet some of you will try to grab a few shares of it thinking this is another pullback. No, its not, we are in a slide. You do not understand that Steve Jobs is not going to last forever. He had a liver transplant. Does that make this guy now a healthy man?

Wake up to reality. Grab yourself some coffee. The best trade you can make now, right now, is to get yourself into an inverse etf for what is about to come.

Whatever happens, not one of you will believe me. You will sit there with your shares of Apple in hand telling me how much money you made these last few months and how I am wrong. Eventually, you will either disappear or author a thread how you are "Stuck in Apple".

You go ahead and do that as you have done time and time again on Elitetrader. It is with displeasure that I have to announce to you that the rally is now over and some of you will be "stuck" in something. I dont want you to lose money, but you refuse to listen to those who know more then you do. So you wallow away wondering about the market and reading that jibberish from the rags.

Nevermind, listen to me, listen to me. The rally is over. Its time to get short and I am shorting best of breed. Crapple.
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Quote from retaildaytrader:

You know what is bullshit? You are sitting there at a computer before New Years typing to people who wont read these messages until they get back to work on Monday. Everyone else is getting ready for a party while you are at home. Dont you think thats bullshit? I would be incredibly mad if I were in your position. I would think thats bullshit.

Well, I have to get going to a party myself. You have a Happy New Year. May I strongly suggest that you do not spend it on Elitetrader.com? Call up your family and friends. Spend it with them. Good luck to you tonight and be safe.
More...


http://www.elitetrader.com/vb/showthread.php?s=&postid=2687637#post2687637


Uh...... you were postong to your Obama thread 90 minutes after I signed off. I hope you had a
nice time with your outcall asian hookers.
 
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