Quote from Xena:
You are correct, do not try to catch a falling knife.
Actually this thread shows up who the real amateurs are.
It are only newbies that carry on how well they do in something like AAPL and they justify their trading decision in hindsight. They cannot make a living out of a choppy market which is where the most money is to be made. Been there, done that. Trading parabolic moves, that is. Not to mention that most of the parabolic moves are actually short squeezes.
Remember the dot Com crash? When every Tom, Dick and Harry starts to mention how well they are doing and that they cannot loose then it gets time to take the contrarian position. Same with the housing boom. However how many of the sheeple have the guts?
At the end of the day all you need to know is the price / volume movement since working by funny mentals (fundamentals) is a cr@psho0t.
For all we know some firm may already be working on an affordable game changer; a possible one is voice operated glasses with bluetooth connection to the more complicated / bulkier control box that will change the glasses into a monitor, phone, camera, binnocular, nightvision, infrared vision, etc etc.
Hmmmm.... I already think that part of that is already existing for the military? Game over for Apple, how sad.
Let us know when you have something to say.
AAPL is a short at the open on the day before the iPad3 announcement.
