Is this right time to short apple?

Discussion in 'Stocks' started by stocktrader2007, Mar 26, 2008.

  1. Any takers.. Though its not in its 52 weeks high.. I think there might be a little fall possible at this time before earnings...
  2. Bad time 2 short apple. The odds of apple having a second consecutive bad quarter are very slim.
  3. They depend on the consumer which isn't strong right now.

    What a stupid idea to buy AAPL before earnings.
  4. There is atually no concrete proof that the consumer is weak now. The only ones who claim there is consumer weakness are the usual boo hoo hoo, protectionist, pro-obama lefties.
  5. gobar


    so y TGT, swy and other retailers r being kicked so hard..
  6. You could try to short it at the 50% retracement of the $200-$120 range which should be somewhere around $160. There should still be plenty of trapped longs in this stock.

    I'd be careful and use a tight stop though, then add more once your position shows some profit.