Bret Kenwell Whoever said we'll likely see one good run up before this hope rally is over might be right, and it might be today.
8/21/12
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OneLongTrade: The market top will coincide with the top in AAPL. AAPL floated higher slowly as funds got in, but now is spiking as retail folks jump in.
8/21/12
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OneLongTrade: This final super spike in AAPL happened in April/May, right around when all the $1000 price targets started flying around.
8/21/12
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OneLongTrade: Now I think AAPL is a fantastic company and should be valued more (or the market a whole lot less),but this latest string of moves is eerily
8/21/12
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OneLongTrade: similar to how it behaves before it, and the market has a large fall.
8/21/12
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Bret Kenwell: Two things: Someone pointed out that AAPL closed outside of the BBands. I'm not sure on his parameters, but it only has 3 times this year..
8/21/12
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Bret Kenwell: for him. The first couple in Fed when AAPL was parabolic & the other in July before it puked all over the world. And I can't remember point2
8/21/12
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Bret Kenwell: OH! and Andrew Keen. I'm not sure if you're familiar with him, but is an options guru. he used to trade AAPL exclusively and y'day said he
8/21/12
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Bret Kenwell: didn't see AAPL reaching $900 by next year. Just something to keep in mind. It is just one person and their opinion but was the biggest AAPL
8/21/12
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Bret Kenwell: trader for a while in the options world. FWIW
8/21/12
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OneLongTrade: Also the options volume on AAPL is reaching a fever pitch, which happened back in April as well. The sheer # of calls being traded...