Only Apple

Quote from short4bread:

I am not a big fan of Cramer on CNBC, but once in a while he covers something really good. This one is for you Cactiman. That is, if you have already seen it.
http://www.cnbc.com/id/47520836


Many thanks....
Wait a minute, let me wipe Cramer's spittle off my face!
There, that's better....

Anyway, I love analyzing charts!
So this was indeed right down my alley.
Still worried a bit about AAPL making 620 by July, but it's been really trying hard lately.
We'll see what happens in the Resistance 575 Area he mentioned - perhaps tomorrow even.
:cool:
 

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AAPL's first attempt to break through 575 failed yesterday, and it doesn't look like it plans on trying again today.
I get out of losing Spreads 60-30 days before Expiration, so have until 06/20/12 to decide on the July 620/615 Bull Put position.
We'll see what kind of mood AAPL's in next week....
:cool:
 

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Quote from flipside21:

Could break 560 soon.


I think AAPL is OK. This was an orderly pullback - a nice Bull Flag.
What's needed is some resolution in Europe (a band-aid fix will do!), and then the Buyers will return.
I hope....
:p
 

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Quote from cactiman:

I think AAPL is OK. This was an orderly pullback - a nice Bull Flag.
What's needed is some resolution in Europe (a band-aid fix will do!), and then the Buyers will return.
I hope....
:p
Well Mr. Cactiman, it looks like AAPL is might run into the close.
 
Quote from short4bread:

Well Mr. Cactiman, it looks like AAPL is might run into the close.

Yes s4b, today canceled out some of the paper losses in the July 620/615 Spread.
A good day indeed, but still a long ways to go. 575 still holding as resistance....
My rules give me until 06/20/12 (i.e. 30 days before Expiration) to decide what to do: Hold, Adjust, or Close.
Will be watching like a hawk meanwhile!
:)
 

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Quote from cactiman:

Yes s4b, today canceled out some of the paper losses in the July 620/615 Spread.
A good day indeed, but still a long ways to go. 575 still holding as resistance....
My rules give me until 06/20/12 (i.e. 30 days before Expiration) to decide what to do: Hold, Adjust, or Close.
Will be watching like a hawk meanwhile!
:)
I'm thinking it may run pretty good tomorrow and break resistance. I am using 573 as resistance.
 
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