Taking Apple (AAPL) short

You would think on the iphone news that apple would be up another $25 but I guess not, guess they will rally the shares tomorrow after the close when they announce....probably close above $475 by Wednesday evening.
 
Don't know about that but Apple is carrying Nasdaq today. Up 424.45. Hit 426 premarket. It wants to pop higher but overall market is a drag.
 
Quote from chaosclarity:

The last few days I was thinking that Apple would be a fantastic buy then when I saw Tim Cook get on stage I had second thoughts. Tim Cook is no Steve Jobs and the market confirmed my opinion as Apple went down 2%.

I know and fully understand the respect of Apple and Steve Jobs, however, as an investor/trader I have to do whats right in regards to my accounts. In this case, taking the common stock of the company short is the right thing to do. Only a relatively small number of contrarian investors will understand my logic. While the rest of the investors are trapped inside "The Matrix", by their own choice, and have no hope of escape, blinded by their own delusions.
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Nice call!!! Only a few people really understand your logic.
 
Quote from Archin:

Nice call!!! Only a few people really understand your logic.
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You/he are down 55 from the short call at 370. What's to understand? Don't short stocks while on anti-psychotic meds.
 
Quote from atticus:

You/he are down 55 from the short call at 370. What's to understand? Don't short stocks while on anti-psychotic meds.
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I was being sarcastic, you fool
 
Quote from Redneck:

I don’t trade AAPL, but here are some observations

Friday was a gap up – amateur gap imo (ie meant to sucker amateurs in)

And another one three days earlier, and a third one a day prior to that

AAPL has a history of filling gaps – I believe all but one has been

Tue is earnings…, anyone think they are going to be anything other than stellar



Should go up after that – so many probably think…

I think the “powers that be” may have a different agenda – at least near term

But then what do I know – except that what most expect to happen - rarely does

RN
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Redneck

does AAPL typically fill gaps? What do you base that opinion on - just reviewing chart?? If so, then I want to add some itm puts.

The problem with gaps if they do not fill immediately or next day, you don't know for sure -- when--! For example will AAPL first hit 450 and then fill gap. Moreover just because earnings are stellar does not mean it is not priced in and "that it could thus be sold; even if later in Q it rallies a lot higher.

I said in my earlier post that we might trade down to 415. I was pretty close. Actually took profits on 425 call and converted into a bear call spread Oct 440/435 -- then bought back 425c lower. Don't like to play earnings. Never did it much over past 20 years. Rather wait until after and then see what's going on.
 
Quote from iceman1:

Redneck

does AAPL typically fill gaps? What do you base that opinion on - just reviewing chart?? If so, then I want to add some itm puts.

The problem with gaps if they do not fill immediately or next day, you don't know for sure -- when--! For example will AAPL first hit 450 and then fill gap. Moreover just because earnings are stellar does not mean it is not priced in and "that it could thus be sold; even if later in Q it rallies a lot higher.

I said in my earlier post that we might trade down to 415. I was pretty close. Actually took profits on 425 call and converted into a bear call spread Oct 440/435 -- then bought back 425c lower. Don't like to play earnings. Never did it much over past 20 years. Rather wait until after and then see what's going on.
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IM1

Yes I based my observation – that all but one gap has been filled – from its chart

My opinion means crap – I don’t know if or when it/ they will close

But Friday's gap is suspect to me

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You are correct about gaps filling


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I’m not gonna sit here and BS you

Could it go higher – yes
Could it go lower – yes
Could it go in a range – yes

I don’t know, nor will I speculate… I simply shared an observation Sir

RN
 
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