AAPL

Discussion in 'Stocks' started by Pabst, Nov 3, 2005.

  1. Then.....how's it work?
     
    #11     Nov 3, 2005
  2. Pabst

    Pabst

    On a split adjusted basis AAPL made a multi year low in Dec/97 at $3.19. The stock then rose to an SAP of $37.59 in Mch/00 for a move of $34.40This present rally commenced off the Apr/03 SAP low of $6.36. A price of $61.98 will then be a rally move of $55.62 representing a 161.6815 extension of the "old" rally. I also have another shorter term measured move coming in at around $61 so There's a higher prob entry in this zone with a clearly defined "uncle" point of 1.61% above 61.98. Obviously shorting a stock into terra incognita demands stricter adherance to risk management than normal.
     
    #12     Nov 3, 2005
  3. But why short now while it is still rising? Fib zones get broken all the time. You're top picking.

    AAPL is such a thick trader you could short it at 2 am on a Sunday.

    I suppose if you have a downtrend going on the 15 min af this level maybe that indicates a pullback.
     
    #13     Nov 3, 2005
  4. Short here
     
    #14     Nov 3, 2005
  5. Pabst

    Pabst

    Hope you stuck with it overnight.....
     
    #15     Nov 4, 2005
  6. Not that you had any doubts, but when the news hit the wire about the downgrade and the pre-market was off $1.50 - how good did it feel, Bro? :) A very nice way to end the week. Great call.

    Whether or not the top is in for awhile - the fact remains that your call immediately preceded a $2+ profit opportunity.

    Nice, nice job.
     
    #16     Nov 4, 2005
  7. Pabst

    Pabst

    Thank you my good friend.

    What's that old saying about news following technicals. :)
     
    #17     Nov 4, 2005
  8. MACDaddy

    MACDaddy

    for my opinion, appl will be significantly higher than 62...probably by the end of next week--good luck leaning on it!
     
    #18     Nov 4, 2005
  9. Apple is in a EW wave 6 just like google.
     
    #19     Nov 4, 2005
  10. No. Covered yesterday. AAPL ain't the apple of my eye in terms of shorts.
     
    #20     Nov 4, 2005