Playing the Ponzi's  Instablog

Playing the Ponzi
Send Message
Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
My blog:
Playing the Ponzi
  • AAPL Back At Critical Support Trend Line 0 comments
    Dec 6, 2012 10:46 AM | about stocks: AAPL

    After a quick 10% rally last week, AAPL has returned to test the 4 year support just a few weeks after the last test.

    (click to enlarge)

    Depending upon how the rest of today plays out, AAPL may wind up once again putting in a meaningful bullish wick.

    (click to enlarge)

    While I feel very confident that AAPL has more downside than upside in the long term, this may once again be a good short-term buying opportunity as a "stop" exit price would be close at hand.

    Disclosure: I am long AAPL.

    Stocks: AAPL
Back To Playing the Ponzi'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.