Seeking Alpha
  • Internal Source
    AAPL is dead money. Clearly a sell-in-May, go-away story. I'm out until the fall.
    5/16/12
    Reply (7)
    • Ronin.: I'm gonna see how low I can pick it up at, play into the next earnings, then pick it up in the fall like you.
      5/16/12
    • Internal Source: I thought 550 was a floor. Was wrong there. Maybe it's 500 later this month. Closing at lows of the day almost every day.
      5/16/12
    • Ronin.: I had to adjust everything down because of Europe causing fear again, it broke us past the range we were trading in; trying to be patient
      5/16/12
    • Rubenov: Yes on its red days AAPL closes at the lows of the day. Easily predictable.
      5/16/12
    • Ronin.: We ran up from 400 to 600 so quickly that I wonder about support. I'm just gonna buy in increments and hope that my average is good
      5/16/12
    • Internal Source: This week being options expiry also doesn't help - "pinning" theory means we'll see 535, 530 perhaps, some round number as usual.
      5/17/12
    • Ronin.: Add to that, some are selling things to free up cash to trade Facebook, and we have a lot of pressure on AAPL...a good sale for buyers tho
      5/17/12