again, market share will not allow the IPhone to "soar" ..to many competitors...again, shares will sink...
Quote from increasenow:
EXACTLY...okay, let's remember this and papertrade...On Wed. August 1st...SOLD SHORT 15,000 AAPL shares at 3:59PM Eastern time...AAPL Price at 3:59PM...$135.00...
Quote from 1flyfisher:
Despite the recent price decline which I attribute to profit taking and selling on the news. I think you are crazy for trying to short appl. This stock had insane momentum to the upside and you never go against that no matter what a product may or may not do down the road. The effect even if the iphone COMPLETELY fails is way way down the road from what can happen with the stock in the near term and destroy your options investment. It can easily rebound and go on another tear. This thing ran up and profit taking and selling on the news kicked in recently. I do not see this stock as a wise move in the short direction.
Also a phone for $500-700 is pretty ridiculous but the price will come down just like any other electronic device.
YOU ARE GUESSING something may happen and that is a very poor way to be trading and will make you poor.
Also it is generally a bad idea to be shorting in a Bull Market(unless you see something like the subprime debacle taking apart a sector). That is more mo you are going against.
Don't do this.
Quote from increasenow:
Hmmmmm...looks like a great call now...did anyone short when I suggested it?...thanks!!!