Discussion in 'Stocks' started by brokenmarkets, Jan 10, 2011.
favorite stocks to daytrade?
AAPL. Buy every new high.
BBY, NEM, NFLX, FSLR, AMZN, RIMM, and AAPL
smart money is distributing appl shares and insiders unloading stealthy without crashing the price. keep buying robots. but then again you daytraders traders so who cares.
Since AAPL's been in an uptrend since March 2009, just broke out again on Jan 3rd and is now trading almost 6% higher than the breakout level (meaning if you bought that new high your position's up almost 6% in a week), you're failing to convince me that smart money is distributing AAPL shares. When a stock's trading at all-time highs, NO shareholders are in pain; only short-sellers are in pain. Anyone who distributed shares left money on the table at this point.
As for insiders stealthily unloading, the last insider sales I see were in October and November at prices between $307 and $313. If that was "unloading", they sure aren't too smart are they?
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