AAPL

AAPL has around 1% of shares sold short, most are long the stock. That $92 level was key, and it broke, probably causing a lot of weak hands to get shaken out. The bar had to reverse quickly (see post above), and apparently it did with their $1 billion stake in the "Uber of China" and now the Buffett announcement.

You're right though, for those who were short in the 100's, probably now is a good time to cover. Betting for a "crash" on the most widely held stock among the main indicies with a very low short interest is fool's gold.

 

The giant got over the 93 rope after holding the 90. The giant has reentered the ring. Long AAPL.

 

No need to worry where price will head. If u like and u are long-term investor just wait till it hit bottom or sell put downside proct

 

feeling like a bull trap...spy looks very weak moving forward...don't be a hero here..nothing like trapping longs w/ a buffet

 

The giant, laughing it up while choking the shortsellers.

 

I'm out of this. This market is too crazy, take profits when ya can.

 

Before this stupid FOMC meeting I was expecting stock to rise to $100 by the end of the month.

 

That was a great day guys, have a great weekend!

 

It's really a nice day! I think we won't back to $90 again.

 

With the cash in hand, even if they had zero profit and zero new cash flow for the next 8 years, they could pay for the capital expenditures and dividends during those 8 years; profit can drop by 1/2 from the current quarter and they can pay for all dividends and capital expenditures without dipping into cash reserve; if you back out cash reserve net of long term debt, its stock had an effective PE of 7 @ a stock price of $90.

SPY has a PE of >18. What I am missing? So $90 looked really good to me and I went in the other day.