Apple Top | stockbee

6/07/2007

Apple Top



Perfect timing. Stock is at all time high. It is running in anticipation of the hyped Iphone. How much more upside is remaining? It will offer a good short opportunity soon.

11 comments:

Amit said...

When ? 130 + ? NOw ? or monday after the conf ?

Pradeep Bonde said...

It is in zone. If it gaps up on Monday, that would be ideal. Or you can wait for confirmation. It will come as key reversal or gap up.
The Economist kiss of death usually takes few days to manifest itself.

Amit said...

yep, was tempted to sell and go short at 127.. missed the opportunity, hopefully will get another one by monday

Pradeep Bonde said...

Shorting too soon might not be smart move. One has to find low risk spot. But this one is sure money.

Amit said...

yep... I agree... sell this one on news.. but its holding steady.. in THIS market...

ivanhoff said...

hello Pradeep,
what scan do you use to screen for float.
what scan do you use to screen for prospective short candidates and why?

brd said...

I concur that it looks like it is topping. Yesterday was higher volume with less price increase. Today twice avg volume and forming a big doji or spinning top.

But then again, like amit said it is one of the few stocks showing support in a very tough market the last few days.

I think I might sell half my position into the close and then move my stop up on the rest.

Amit said...

whats the market monitor saying for tomorrow Pradeep ?

jf said...

co-ask amit's question. I hold on to GOOG , but don't know how the correction will go. Thanks

StockRake said...

Its not there yet, but within the next two weeks it will be.

Note the divergence in the RSI (pick your time frame) to daily price action.

JS said...

What is happening on Monday?