congrats on that aapl long. I was wrong. It moved 20 cents higher yest even as the market rampaged. the buyers knocked each other over to get shares of this iconic wondrous co in their accounts. can't win em all
damn good thing the market is screaming higher else your aapl calls would be worthless. whoops. worthless anyway you see , thats how its done. not 45 paragraph screeds. not charts with 78 lines on them . simple. call it. play it. win it. thats the prob with et. so many experts. so few winners.
hope you enjoyed and prospered with a rare sure winner posting by me. I'm sure you didn't but...... I'll be letting you know when its ok to buy those 100's right here in this spot. Don't miss it. Meanwhile, say hello to old Ben for me.
I expect AAPL as well as the market as a whole to decline - Here is why: Last week was the first week in several months where I have witnessed the type of transactional data to support a significant move â in this case to the downside. All of the players who drop large blocks prior to a decline have done it again. The GDX also was unusually active. Most importantly AAPL has been primed and ready to fall. I expect there will be at least a 15 point move to the downside for AAPL. Back on April 29, 2011 someone (and I canât say who) established a 5 billion dollar position at $348.23. On Friday another 5.8 billion dollar position crossed the tape. Most likely they will try to stop the hemorrhaging at or around $78.00. The transactional data is simply too significant to ignore. Interestingly, this did not register in my time and sales window nor did it trigger my large transaction alarm for AAPL. It is pretty obvious that they were D-pool trades. We bought more SPY puts when I saw the open and we also sold some of our call positions which were ITM. So here it is in a nutshell: I saw the impetus for an overall change in the direction of the trend. I suspect the time has come where a decline of 500 to 800 points or more is very close. I believe that AAPL will lead the way down to around $78. The market will pullback in the next week (two weeks tops) and the decline will be led by AAPL. Although I expect a slide in AAPL, I would not be at all surprised to first see a very short term advance (just for the sake and good measure of pulling in all of the suckers). Whether I am right or wrong .... time will reveal that mystery. Contact me at: Gene@subrosacapital.com I would love to hear your views and observations.