Down below the 600 level in the pre-market. Looks like an excellent buying opportunity for all you CrAAPLe fans.
Based on past behavior, which is all we have to work with really (besides projections, estimates and guesswork), I think a sideways consolidation period seems very likely for AAPL over the next few months. After the 119+ - 200+ rally (+70%) in 2009, AAPL went horizontal for about 4 months. After the 200+ - 270+ rally (+35%) in 2010, AAPL went horizontal for another 4 months. After the 270+ - 350+ rally (+30%) in 2010-11, AAPL went horizontal for 6 months. After the 350+ - 400+ rally (+15%) in 2011, AAPL went horizontal for 5 months. After the latest 400+ - 600+ rally (+50%) in 2012, AAPL has gone horizontal for about a month so far. Are we in for a long Sine-Wave Pattern with 600 in the center of it?
Wildly? The Market knocked "wildly" out of me years ago! Though I may still get a bit excited now and then... As to action, versus words: During the April Pullback I Sold 3 AAPL January 13 Bull Put Spreads: A 600/595 on 04/19 when AAPL was at 590.00 (Max Net Gain: 117.98%) A 570/565 on 04/23 when AAPL was at 572.60 (Max Net Gain: 102.86%) A 600/595 on 04/26 when AAPL was at 605.00 (Max Net Gain: 104.53%)
??Must be seeing things. I thought you said "Wildly" Bullish? Still Bullish yes, and think AAPL will make 700 like most everyone else. My highest bet so far for Jan 2013 is 660. Have a 620 bet on for July too, which might be a problem....
700 isn't going to happen in 2012. OT, but anyone can PM me if they would like to structure an OTC touch or binary option on AAPL or any other ticker.