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Old Apr 3rd, 2012, 10:59 PM   #1
short4bread
 
 
Join Date: Mar 2012
Location: Lancaster, Pa
Posts: 116
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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Old Apr 3rd, 2012, 11:22 PM   #2
SteveNYC
 
 
Join Date: Jul 2010
Posts: 895
Quote:
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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Old Apr 3rd, 2012, 11:47 PM   #3
atticus
 
 
Join Date: Mar 2007
Location: USA
Posts: 12,867
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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Old Apr 4th, 2012, 12:02 AM   #4
short4bread
 
 
Join Date: Mar 2012
Location: Lancaster, Pa
Posts: 116
Quote:
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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Old Apr 4th, 2012, 12:03 AM   #5
short4bread
 
 
Join Date: Mar 2012
Location: Lancaster, Pa
Posts: 116
Quote:
Quote from SteveNYC:

AAPL will accelerate and zoom to 650. Short and simple.
What are you basing this on?
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Old Apr 4th, 2012, 12:20 AM   #6
stock777
 
 
Join Date: Jul 2001
Posts: 16,261
endless supply of greater fools?
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