Some interesting AAPL Fundamental News: http://www.marketwatch.com/Story/story/print?guid=C2C19E0A-A360-11E1-827E-002128049AD6
I am not a big fan of Cramer on CNBC, but once in a while he covers something really good. This one is for you Cactiman. That is, if you have already seen it. http://www.cnbc.com/id/47520836
I found Goldman's analysis on the subsidies to be be helpful. I actually sell cell phones part-time for my healthcare benefits. The $30 upgrade fee Verizon Wireless is now charging closes this gap with the subsidies.
Many thanks.... Wait a minute, let me wipe Cramer's spittle off my face! There, that's better.... Anyway, I love analyzing charts! So this was indeed right down my alley. Still worried a bit about AAPL making 620 by July, but it's been really trying hard lately. We'll see what happens in the Resistance 575 Area he mentioned - perhaps tomorrow even.
AAPL's first attempt to break through 575 failed yesterday, and it doesn't look like it plans on trying again today. I get out of losing Spreads 60-30 days before Expiration, so have until 06/20/12 to decide on the July 620/615 Bull Put position. We'll see what kind of mood AAPL's in next week....
I think AAPL is OK. This was an orderly pullback - a nice Bull Flag. What's needed is some resolution in Europe (a band-aid fix will do!), and then the Buyers will return. I hope....
Yes s4b, today canceled out some of the paper losses in the July 620/615 Spread. A good day indeed, but still a long ways to go. 575 still holding as resistance.... My rules give me until 06/20/12 (i.e. 30 days before Expiration) to decide what to do: Hold, Adjust, or Close. Will be watching like a hawk meanwhile!