Why it’s NOT time to Short Apple and Visa
By Steve Abraham on May 05, 2008
10 Responses to “Why it’s NOT time to Short Apple and Visa”
ARL took your entry as a personal attack
abc—-personal attack??? explain please
ARL, I understand the day trade aspect. I just think there are other stocks that would be better short candidates than Apple Computer. Good Luck and Thanks for the comments.
Steve–ok but that’s basically what I do for my trading–look for overbought situations and try to get a few points out of it–risky–yes…that’s how I trade
Should AAPL get oversold—I might even buy it—–same thing I did with V–shorted it and got a few points–gone— but I wouldn’t stay short in it
Oh and I did that with SOHU too and now looking at others
The best in your trading too
ARL
Steve–u watching AAPL??Im covering soon–thats all I was looking for—a brief healthy pullback
Think AAPL will see the old highs and I might even buy it
Thanks
ARL
I have been loading up on the Apple stock but not for the obvious reasons. I am a developer of Microsoft applications. Apple has just released a development environment for Leopard and i-phone. This will prove to be much more lucrative than the hardware sales and 3g appliances. Profits from this activity will not be realized until 3rd quarter 2008.
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Good luck!
AAPL formed a very defined cup and handle and broke out around $155. I dare you to short a cup and handle on good volume..
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As far as shorting AAPL—yes the stock may be 200 in the near term—Im not looking for the stock to drop to 160—Im looking for a day or two trade–stock way overbought–but that doesnt mean it cant get more way overbought—just lookin for a short term move on the downside–stocks dont always go up you know