Options2Wealth's  Instablog

Send Message
I used to run a limited partnership, boutique hedge fund in the 90s. Retired in 2000 and moved from New York City to Toronto, Canada, got married, raised a family and basically settled down. After a few years in Toronto, my wife got tired of the city’s 8 months of cold weather and insisted that... More
My company:
iBBQ, Inc.
  • The Impending Move In Apple (Part 2) 3 comments
    Aug 19, 2013 2:08 AM | about stocks: AAPL, SCTY, SPWR, SUNEQ, TSLA

    Three weeks ago, on July 27th to be precise, I had pointed out that AAPL's PnF chart had given a solid technical Buy signal when its stock price pierced its Bearish Resistance Line...That signal has so far yielded a $60 move in Apple's stock price in 3 weeks...

    Well...in the next 2 weeks or less, AAPL's Candlestick chart will issue its major buy signal when the stock's 50 day SMA line will pierce its 200 day SMA line from below...

    (click to enlarge)

    As you can see from this Candlestick chart of AAPL, it's 50 day SMA is trending up while it's 200 day SMA is trending down...Currently they are $28 apart...I have been monitoring these two MA lines for sometime and believe that the 50 day SMA line will break through AAPL's 200 day SMA line in about 12-15 trading days...this very important technical break should propel AAPL share price substantially higher...again!


    DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you. On the other hand, if the move(s) result in a profit for you, I am open to discussing a split. ;-)

    Disclosure: I am long AAPL, SPWR, SUNE, STP.

Back To Options2Wealth's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.