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nightfly

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  • Apple 5-Day Losing Streaks [View article]
    It's likely going to go to $550 before support enters. They better knock the leather off the ball for it not to fall under$500 post earnings...

    Apr 17, 2012. 01:57 AM | Likes Like |Link to Comment
  • Apple Momentum Waning [View article]
    Think this through...

    You just bought AAPL for $600ish.

    Stock drops to $550, and the brain/emotions set it..." oh the pullback I've been waiting for..." so you buy more. You are briefly vindicated as you get a pop up back to $600 which is met by eager sellers and the stock goes back to $500.

    Will you hold? How about $450...still hold-in?

    Emotions can make for terrible losses.
    Apr 4, 2012. 02:18 AM | Likes Like |Link to Comment
  • Apple Momentum Waning [View article]
    Ananthan,

    Good article. The AAPL acolytes will decry your doom and "stupidity" as in 'you just don't get AAPL', but you will be proven right sometime this year and then longer term, very right.

    For those of you that got into AAPL at sub-100, good for you. You can tell your grand kids how you bought AAPL for $19 and watched skyrocket to "$Huge Number" only to crash to some more fundamental valuation.

    If you don't see this as a bubble you never will see any bubble.

    As to fundamentals, you should be aware of margin compression. It's already happening, just look to the iPad 3.

    Just ask the RIMM zealots how their faith and loyalty was rewarded. I shorted that baby all the way down...am doing the same with AAPL. Not because AAPL is currently a bad company, but because it's valuation is in parabolic bubble mode.

    Disclosure: short and getting shorter on AAPL.
    Mar 21, 2012. 09:25 PM | Likes Like |Link to Comment
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