My target for apple right now is $75 in 18 months. No split, no nothing....I would never buy this above $100. I'll stay as far away as I can.
That was some mean ass drop today. There is quite a bit of volume 123-125, lot of folks caught with their pants down. As a rule I don't short stocks trading around all time highs. And when I break this rule, I always get uncomfortable and swear not to do it again. Such is life.
I guess it depends on what your objectives are and your timeframe. If you're looking for a 2-5% drop in the next 2 weeks, then yes, apple has good short potential, but it also has great potential to make it to 145.00 in the next few months. As with all trading, timing is everything.