Zach Bass

Apple Investors: Fasten Your Seatbelts, Put On Helmets

@squawk, I rarely pay attention to after hours trading. It's mostly noise, unless there was a significant event, like an earnings call or product announcements.

Apple Investors: Fasten Your Seatbelts, Put On Helmets

Unfortunately my follow-up article was not published here. I still think we're going down to test 1200 on the S&P. Here's the follow-up to this article:

tinyurl.com/4uhlwp

-zach

Apple Investors: Fasten Your Seatbelts, Put On Helmets

The late session bounce was apparently caused in part by a published report that the Wall Street Journal cited, that there were a number of companies kicking the tires of Lehman, including BofA. But after the market close BofA said they weren't interested, and GS backed off too. The bump may have been assisted by Oil hitting a nearly 6 month low, and short covering on beaten down sectors.

I'm not so sure how much credence to put into this bounce.

Apple Investors: Fasten Your Seatbelts, Put On Helmets

@Liam I have been short for the past few days. My positions are well in the black, and I expect there to be much more downside. You can see my daily calls on my blog: www.zacharybass.com