Why it’s NOT time to Short Apple and Visa
By Steve Abraham on May 05, 2008
22 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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The bearishness of AAPL appears to be a temporary glitch as AAPL recovers. I like to check the sentiment trend on http://www.predictwallstreet.com/forecast.aspx?symbol=aapl (you have to make a prediction first to see the graph) and to compare it with the quote. Today, the sentiment is again in the UP or bullish zone and the price took a dip this morning but is rising again. In the past, prices were rising fast when there were multiple days of bullish sentiments. I am curious what the sentiment and price will be tomorrow.
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Tickermine.com revisited AT&T this week. 32 dealerships around the country were consulted and asked which phone sold best overall, which phone sold best as a music device and which is best for email? The Apple iPhone was the best-selling phone this month, according to 25% of the poll. Five people or 16% mentioned to the Nokia 6555 as a best seller, and another five people cited the Motorola RAZR2. (Last month the Blackberry was mentioned as the overall bestseller.) Other mentions this month included the Nokia 6085 (13%), the LG Shine and then the Samsung BlackJack, were each mentioned three times (9%), and the Blackberry Curve was cited twice (6%). The best phone for receiving e-mail remains the Blackberry, according to the survey. This was cited 13 times or by 41% of those polled. Next was the i-Phone (seven mentions or by 22% of those surveyed). The Palm Centro and the Pantech Duo were each mentioned by five respondents (16%) and the Nokia 3100 was mentioned twice (6%). And as for which phone was the best music device, the i-phone won hands down with 18 votes or 56% of those polled. The Sony Ericsson Walkman was cited five times (16% of respondents). The Pantech Duo got the thumbs up from three respondents (9%) and the AT&T TILT was voted best music device by 6% of the poll
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You probably want to take your decision back on the shorts. Whomever shorted visa and apple are making a killing right now.
I would hold for a while before shorting or selling. I know they are still in decline but stock truth and a few other sites have them forecasted to do better (at least level off):
http://stocktruth.com/chart.php?symbol=AAPL
Also, in you like break away systems and you look at the past on these guys that have fallen before and leveled off, to just jump back up again in a few weeks…
Although I haven’t seen significant innovations from Apple, it’s dangerous because Jobs could be announcing the next big thing anytime.
WEll even though you got this one wrong, depending on time frame, wanted to thank you for this blog. It has really helped me in my trading.
-Dave Parizek Jr.
Somx at 33 cents now at 42 cents
Somaxon Pharmaceuticals, Inc
insiders are buying huge amounts of stocks
I just bought some too. you might want to check it out
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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