Seeking Alpha
  • OneLongTrade
    AAPL has reversed nearly all of today's gains. As many have said today, love the company but chart is tired. Short term top IMO.
    7/10/12
    Reply (13)
    • OneLongTrade: To put it in perspective, AAPL had a very solid up day yesterday while the index was red.
      7/10/12
    • apspice: still outperforming market, just needs to work off these overbought conditions to resume its uptrend
      7/10/12
    • OneLongTrade: Indeed, but from following AAPL and trading it closely for the past 2 years, this is a foreboding sign.
      7/10/12
    • chrisbrenner: Surprised the Einhorn inverview didn't push AAPL past resistance. I'm staying long, but expect it to go down a bit short term.
      7/10/12
    • apspice: that 618-620 area has been tough to crack...
      7/10/12
    • OneLongTrade: I should have clarified a bit. Those holding stock should continue to do so due to the dividend going ex sometime this year.
      7/10/12
    • OneLongTrade: Those using calls to play AAPL need to be cautious, it does not pay buying after this much of a rally. I bought hand over fist < 560.
      7/10/12
    • chrisbrenner: Are you taking some off now, or are you riding out this wave? All I was saying is I am holding and riding it out.
      7/10/12
    • OneLongTrade: I took some off at various points, most of it I sold the morning of WWDC before the big reversal. Bought a call later that day (poor timing)
      7/10/12
    • OneLongTrade: held it until it turned profitable recently when AAPL breached $600. Since then I have no position, will look to reenter around $590.
      7/10/12
    • OneLongTrade: Currently have my capital shorting easier targets until the time is right for AAPL.
      7/10/12
    • chrisbrenner: I sold a little in March around 590, bought back at 620 (oops) and 560, but have been buy and hold for the majority of my investment.
      7/10/12
    • chrisbrenner: Have not made a single trade in this recent run up, but am thinking about taking a little off.
      7/10/12