Let's keep the interest up in APPL! As much as I hate trading equities and having to include every transaction for tax bs, APPL has been a great one for making my end of year goals. The past month has been fantastic. Everyone should trade APPL, just to keep it moving.
The Bear's first attempt to reach 500 was unsuccessful. Will they try, try again? This could go on for weeks! Ugh.
it can go on for a very long time. the strong day in the market today helped apple though. i always believed these kind of stocks move to extremes because its easier to break your will and your wallet. why is the market up even forget about apple. how can the government sell bonds for money it needs and how can the fed buy 90% of those bonds. they are pulling an enron haha
they talk about how the fed chair made money on bailing out the financials and how smart it was but f*ck he bought all the bad mortgages and bonds in the market. whats the bill on that going to be? if i could buy all the stock in apple it would keep going up too. the american markets are like the movie boiler room or even better its like a cop posing as a hooker than having sex with the john than busting him.
AAPL's bi-weekly Trading Range: 501.23 to 549.56, with 200 day MA at 597.41. Negative: 1. AAPL is still weak, with only 3 up-days, vs. 7 down days in the last 2 weeks. 2. Lots of overhead supply/resistance to break through to get back above the 200 MA. Positive: 1. 500 holding as support, and it was only threatened once. 2. AAPL didn't lead the way down on Friday. It fell less % wise than either the $COMP, $NDX, or $SPX.
I mostly trade off weekly charts, but pointed Friday out because it broke the recent pattern of AAPL being weaker than the Indexes. It could be a turning point, where AAPL goes back into the lead, or it could be a random blip. We'll find out soon enough.
More positive price action from AAPL so far this morning. $COMP, $NDX, & $SPX Indexes are all down, but AAPL is up a bit. During most of AAPL's long descent the opposite was the case. Are bottom fishers starting to get interested? Are short sellers, thinking 500 is as low as AAPL will go, starting to cover? To begin going up, you first have to stop going down.
i don't think you can draw any reliable conclusions for post-expiry action on a short trading day before Xmas. jmho I am short 505p and short 525c - wide spread [condor?] If it sells off I am going to add more 505p and if trades >530 going to sell 540c. these are weekly options b.t.w I cannot figure AAPL out anymore