Aapl

[dmk112]

Shorted at 45, covered @ 38

Will short tomorrow if 41.32 is taken out...

[phobophobia]

Shorted at 45, covered @ 38

Will short tomorrow if 41.32 is taken out...

Very nice. Most shorts don't know what they are doing. (But then again, neither do most longs. LOL.) You definitely sound knowledgeable enough to be doing that stuff, but this stock is definitely reaching AT LEAST the upper sixties this year.

[phobophobia]

On another note, Microsoft is a great short/put play. Mark my words. I would stock up on October puts.

[phobophobia]

Apple earnings coming up. Stock has had a significant bounce this past week. We should see $50 in no time.

[mtm]

Am I to assume this call is over? Or are you guys still long on this baby? I think the short side won the battle.

[phobophobia]

Am I to assume this call is over? Or are you guys still long on this baby? I think the short side won the battle.

I've been long since October 2003 and have only added to the position. The company is performing exactly how I want it to. I find it a bit unsettling that you look at a scope of a few months to determine whether or not the "short side won". It is only a matter of time before people realize how much potential there is in AAPL--and then it is reached.

[Runner]

I wonder if AAPL is trying to start another up trend

[Runner]

Someone likes AAPL off todays low. Could be a good thing if it fills the gap!

[phobophobia]

Yeah, I'll be buying some more today.

[mtm]

I've been long since October 2003 and have only added to the position. The company is performing exactly how I want it to. I find it a bit unsettling that you look at a scope of a few months to determine whether or not the "short side won". It is only a matter of time before people realize how much potential there is in AAPL--and then it is reached.

Sorry you feel that way, but your not going to see its highs of 46 anythime in the near future. Good luck on your high expectations, since I did'nt know we were talking about holding for a long long time. In which that case I would still be short.

[phobophobia]

Sorry you feel that way, but your not going to see its highs of 46 anythime in the near future.

I'm sorry you missed out on the real profit, and are going to miss it again.

[aggredior]

Phobo,

AAPL has bounced off the Fib 61.8 retracement. It has support at 34.20, but if it breaks support, I hope you have a stop. Today's action was not to exciting, up .48 on low volume and pulling back after filling the gap. Then there is the bearish descending triangle. I'm in MTM's camp.

Of course, none of this could matter at all. I don't hold stocks long term, so good luck.

[phobophobia]

Phobo,

AAPL has bounced off the Fib 61.8 retracement. It has support at 34.20, but if it breaks support, I hope you have a stop. Today's action was not to exciting, up .48 on low volume and pulling back after filling the gap. Then there is the bearish descending triangle. I'm in MTM's camp.

Of course, none of this could matter at all. I don't hold stocks long term, so good luck.

Thanks . I'm more of a fundamental trader (agree with just about everything Warren Buffett says). Picking a good company and sticking with them for several years allows the money to grow at an exponential rate, rather than daytrading and paying taxes at high rates (plus brokerage fees). Good price action today.

[mtm]

I'm sorry you missed out on the real profit, and are going to miss it again.

Please read the whole thread before you make ill advised statements.

[aggredior]

Good action, but your's is not a race.

When I backtest buy/sell methods against buy and hold, generally I find holding less profitable. Take MSFT. Invest 10,000 late May, 2000 and hold through today would result in a $860.00 loss. Using a simple MACD crossover trading method during that period would rendered a profit of $11,700. Let the Fed take their cut and you are still better off. Of course in a raging bull maybe holding is fine. But in this market even Warren is having trouble.

Trading styles make a market. Good luck tomorrow.