Shorted AAPL at 426.99

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NY_HOOD

I shorted apple at 426.99. My stop is 428.62
Reason, volume has been low and it seems like a double top to me. If I'm wrong, it's not a big loss (600 shares). If I'm correct, could be a rather nice pay day.
 
Only reason for the run in Apple shares is due to ohhhhh the ipad 3, lets me guess thinner and better than ever before right? So lets see the ipad and the ipad 2 are just worthless at this point....I also heard rumor that apple is going to release a 7 inch ipad sometime in the 3rd quarter of 2012.....

I guess people will buy anything apple, they can release a different Ipad every week and fools would be waiting in line to buy it...
 
Nice one.....did you give up the construction job to take up trading again?

Quote from NY_HOOD:

I shorted apple at 426.99. My stop is 428.62
Reason, volume has been low and it seems like a double top to me. If I'm wrong, it's not a big loss (600 shares). If I'm correct, could be a rather nice pay day.
More...
 
covered at 424.12.
not a big score but a nice day trade. again, only 600 shares.
just for why i covered, it held 424 and bounced nicely so i got out quickly.
it could now be a long but i took some easy money and will go to lunch.
 
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