definately intended to be quick.. i love apple and i do think it will go to new highs, but not before another downleg.
Where would you place your stop...around 95-96?...roughly in the middle of that one week where the stock held the high in Jan...or would you just place a stop above the all time high?
Isn't the Iphone coming out in June/July? I would wait for the pullback and then buy the stock, i don't think it will go up this far away from the launch.
Im watching intraday so I dont have a stop on it. But mentally the points are as follows - 78.6% fib line ( $94.40) - touched it PERFECTLY ( 94.36) today and then fell. If it blasts through this on high volume I will get out here. If it just creeps through the 78.6% fib then... - 95 as that would fill the gap perfectly - though Id give it a little shakeout room depending on how powerful the move up is. Has everyone noticed there are a huge amount of shooting stars/dojis everywhere ? Not a good sign for tomorrow.
This is starting to look like a real set up here. Markets flat and down today & Apple making new highs still. A close above $95 might be a buy single. Third time might be the charm here. That pub on Steve Jobs today is a + also.
Im still bearish on Apple short term... I believe its going to correct. Volume is still weak...stoch is overbought...top of bollingers... I dont swear by indicators but its nice when they confirm. Watching this volatility at 95 is quite fun. I shorted another 100 shares at 95. I may end up being wrong but Im putting my money where my mouth is
they raised the stock price target today on AAPL, if it takes out its high its a definite 100 on AAPL, im somewhat bearish on AAPL as well, I went long around 80 and sold right after the options scandal came out, but guess what happened, nothing, what a fool I was. Could have made a very nice profit but everyone hyped the option scandal to the point where they thought Jobs would lose his job. Of course it never did happen.
Yea read my older posts back in May/June I bought AAPL at 55 and have held since I don't have any puts as a hedge but maybe I should jsut to be safe. Almost been a year now.
Nice. I just grabbed a few $100 strike calls as it was trying to cross $95 and now it surged to nearly $95.40.
I remember like yesterday. Still amazing how nothing came about with all the options hype. Only reason why I did not get in at that time. Was fearful of a 15+ point overnight gap drop.