Its that time again - Shorting

Quote from diligent:

im short AAPL from 92

Filled Sell Short AAPL Market 91.89 -- -- 15:53:38 11/29/06

im 5.22% in the money.
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Nice ! But BE CAREFUL.
Jobs has done an EXQUISITE job of cremating the Apple shorts with his constant barrage of "good" PR and "news" and announcements. Of course, that was THEN. Not sure what's in the pipeline NOW.
 
Quote from diligent:

im short AAPL from 92

Filled Sell Short AAPL Market 91.89 -- -- 15:53:38 11/29/06


im 5.22% in the money.
More...


I was short AAPL at 91.40 covered at 90.59. This was last week.


AAPL
RIMM
GOOG

were all breaking down today.....
 
Quote from Dackster:

Hello eagle488. The party is never over. Just get it right. Good trading.
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Back in May, June and July it felt like the party was over.
 
Quote from S2007S:

I was short AAPL at 91.40 covered at 90.59. This was last week.


AAPL
RIMM
GOOG

were all breaking down today.....
More...

Those stocks will keep going higher. No chart breakdown seen.
 
Quote from eagle488:There was a lot more picks too. In reality, I only had a few losers. I made close to $600,000 on those picks alone.

If you had only invested in my portfolio picks or took the time to research them, then maybe you would be profitable.
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0471654655.01._SS500_SCLZZZZZZZ_V1104448926_.jpg
 
Quote from eagle488:

http://www.nytimes.com/imagepages/2006/08/19/business/20060819_CHARTS_GRAPHIC.html

Trust the chart.

Consumers are not buying new cars for a reason. Everytime the consumer has failed to buy a new car, it has signaled a bear stock market and troubled economy.

The turning point is very soon.
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Maybe they are buying more Lexus and don't need to buy so often. LOL, quality first! Tongue in cheek and a slam to US car makers. By a high end Toyota or a Lexus, sell the BMW/Benz, much, much fewer probs.

Gotta quit drinking this early!
 
eagle,

not sure if that makes u happy, but i shorted steve jobs for about 4 days :) yay.

i was short aapl and was stopped out friday, @ around 87.70
 
http://stockcharts.com/h-sc/ui?s=AAPL&p=W&b=5&g=0&id=p30518248340

If my trading regimend involved shorting stocks, then I would say this is a great short right now. Everyone is so happy around the holiday times throwing their cash at Apple. Then when January comes its back to work and is it going to be bullish party times like in 2004 or 2005?

No, we are heading into a recession or at least a strong pullback in growth. There are so many links I can post on this issue it isnt even funny.

I say to trust the chart. Apple is going to retrace to 70 dollars and possibly much lower.

Apple is not a defensive stock. Its a growth stock that you should have had two years ago. Its now time to take profits in this bad boy.

Out of all the stocks in the market right now, the only stocks I would purchase right now involve energy and just one other stock. That would be CVS

http://stockcharts.com/h-sc/ui?s=cvs&p=W&b=5&g=0&id=p30518248340

CVS is the only one that makes sense still on a chart.
 
CVS is indeed good, but so are a few other staples. Things like KO, MO, BUD...etc

Because just like you stated, the cyclical growth stocks will get hammered and money will flow into more defensive positions.
 
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