Quote from ksmetana:
Here is your moment of truth on the AAPL short. If AAPL holds 600 while the market dips, you're screwed. It is at 619 as I type, and the S&P is below 1400 and trading at lows. Be careful shorting AAPL.
AAPL will top eventually. I've been weary of buying AAPL for a long time because it doesn't pull back enough. People buying dips are getting rich. Now, I find myself saying, just go buy the dip, it seems safe. I am turning, which means others are turning, which means smart money is getting ready to dish on one of the upcoming explosions. Or maybe they won't, maybe it will just keep going. AAPL 1000. AAPL has more market share to take, and can raise the dividend. People who are in from 300 and below have no reason to sell yet. They have a great price, in a great company, which is now going to pay them to sit in the stock. AAPL 600, the new floor?