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Short AAPL $620 I got 'em
- Thread starter Uncle_Ho
- Start date
Quote from notebookled:
why ?
I was looking at the 60 min when I wrote this. I think valuation its ridiculas, but just from what I'm reading about funds positioning into aapl before end of quarter and and the momentum in the market right now, election year,ect. I think may/june market sell off makes more sense. Also, all of the liquididty that has been pumped into market may catapault marlet to extremes now rather than later for correction.
Reasons for selling in aapl itself though may be lack of certainty on direction of company under new leadership, so maybe see some extreme volatility if this is the top. I could be wrong. I am long 575 and 600 calls (small accnt) so I'm biased towards going higher short term.
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Questionable trade, could work though of course. AAPL is 'overowned'.
If I was betting on a big correction -- and I'm not since I don't have a crystal ball and we are in a big uptrend; shorting this is not best practice trading -- I'd just short the Russell index; you'd still have some nice downside performance in a sell-off without the individual company risk.
If I was betting on a big correction -- and I'm not since I don't have a crystal ball and we are in a big uptrend; shorting this is not best practice trading -- I'd just short the Russell index; you'd still have some nice downside performance in a sell-off without the individual company risk.
There is no way Foxconn is going to raise wages, improve living conditions in their slave shelters, etc. without AAPL realizing increase in cost of goods to be sold. AAPL also announced a dividend which will decrease their balance sheet. I can see $100 pullback. Ever talk to someone on an i-phone? It's trash. The i-phone is like the amphicar - a horrible car and a horrible boat but the only thing that does both. The amphicar had no competition and it failed. AAPL has unlimited competition. Brand loyalty is their biggest asset and that's always temporary.
Quote from heywally:
Questionable trade, could work though of course. AAPL is 'overowned'.
If I was betting on a big correction -- and I'm not since I don't have a crystal ball and we are in a big uptrend; shorting this is not best practice trading -- I'd just short the Russell index; you'd still have some nice downside performance in a sell-off without the individual company risk.
You are envisioning a program in 60 minutes or CNBC called "The rise and fall of Apple -A tech giant"
Quote from hajimow:
You are envisioning a program in 60 minutes or CNBC called "The rise and fall of Apple -A tech giant"
I see no evidence at all that AAPL has any significant fundamental problems relative to it's prospects and valuation.
Since I trade it -- buy the dips until it's proven that doesn't work anymore and then sell the moves up -- frequently, I welcome the constant skepticism and top picking.