I don't want to swat at a hornets nest here, as most people on this thread seem to dislike RTD, but think of it this way. Look at Jeff Greene, John Paulson, and others who shorted sub-prime, betting against the all mighty real estate market, and made out with billions. NO ONE expected RE to fail, not even the once great Lehman, and Bear Sterns. A lot of money can be made betting against the market, but it should be done with strong rationale behind it. Because a stock went "Too far too fast" IMO, doesn't quite cut it, for a good enough reason to short something, but if his decision was based more off fundamental facts, then I can see that. KON
I'm not saying aapl is weak fundamentally. What I'm saying is that if you're going to short a strong trend, it should be based off fundamental reasons why that trend cant be sustained .
HIS COULD BE AN ISLAND REVERSAL. A TEXT BOOK CHANGE ON THE TECHNICALS. BE CARE FUL WITH AAPL CLOSING NEAR ITS LOW. NO OTHER BIG PRODUCT ANNOUNCEMENTS. THIS COULD FALL FAST. DISCLAIMER--I LOVE APPLE AND EVERYTHING ABOUT THE COMPANY BUT THIS IS WALL STREET.