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short4bread

Registered: Mar 2012
Posts: 116

04-04-12 03:59 AM

Any thoughts on the price action for the next couple of days? It looks as though AAPL will go slightly higher for a day or two (Wed.and Thrs.). This will probably be a short term top followed by a pullback, but I do not hold to this projection or any other projection for that matter.

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SteveNYC

Registered: Jul 2010
Posts: 787

04-04-12 04:22 AM

Quote from short4bread:

Any thoughts on the price action for the next couple of days? It looks as though AAPL will go slightly higher for a day or two (Wed.and Thrs.). This will probably be a short term top followed by a pullback, but I do not hold to this projection or any other projection for that matter.

AAPL will accelerate and zoom to 650. Short and simple.

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atticus

Registered: Mar 2007
Posts: 12701

04-04-12 04:47 AM

I have my biggest position to date (ever) in AAPL APR20 options. I am neutral to ~624 on the shares. The term-structure will blow-out in APR/MAY as well.

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short4bread

Registered: Mar 2012
Posts: 116

04-04-12 05:02 AM

Quote from atticus:

I have my biggest position to date (ever) in AAPL APR20 options. I am neutral to ~424 on the shares. The term-structure will blow-out in APR/MAY as well.

I am sorry you lost me. What do you mean by "The term-structure will blow-out in APR/MAY as well?"

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short4bread

Registered: Mar 2012
Posts: 116

04-04-12 05:03 AM

Quote from SteveNYC:

AAPL will accelerate and zoom to 650. Short and simple.

What are you basing this on?

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stock777

Registered: Jul 2001
Posts: 15450

04-04-12 05:20 AM

endless supply of greater fools?

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