Went to the long side for next week AAPL calls when it was around 443.50. I think it's going to bounce up here with oversold condition. Going to hold my stop at 440.

Took profit for AAPL calls at open when it is around 450. AAPL resistance is at 452 for level 1, 458 at level 2.
Looks like AAPL is recovering.. 446 support. 445 stop for longs, 444 short mark.

Apple iWatch?

Yes, shorting is dangerous game because it is a lot riskier than being long.
Sometimes you maybe too early.. so be patient, wait for toppy sign or when the bulls are deliriously drunk..
then only can do bear attack.

Still longs play for AAPL..
In 452, stop: 450, price target to 459/460 for exit.

This post has been edited by danmooncake: Feb 25 2013, 10:57 PM

Stop out 450..
Not good tonight. Wrong direction.

Good! Hopefully, they got more staying power.
I got tricked going into it in the early trading. Thank goodness for stops. Saved my butt.

Long calls 439.. stop 433 (Jan 27 low), risking $6. Holding overnight here for investors conference this Friday.
I think something positive will come out.

Another meaningless call by so called professor.
DJIA could hit 12000 first!

My exit is here.. 447.50. Good enough.

Now sitting on cash and wait again.

That's why being bears are difficult when Bernanke in charge. So, if there is a fear, it is short time. Don't wait, lock in your profits and cabut and wait.

Now must wait for bulls to be delirious a bit more then go in and whack 'em.

Tonight, bears attacking GRPN after bad earnings results. -20% drop overnight.

The bears fired the warning shot tonight.. so don't be too bullish.

Just saw the interview with W.Buffet on TV. He sayin keep stocks until Fed changes mind.
Sure.. I got my fingers on the button.

But, I'll take some profits first.

AAPL took another hammer tonight... downtrend price still intact. Low now around $420'ish
Once it gets to $400, that means the entire last year earnings are gone.

On weeklies chart, it looks like price target is going to be sub $400 soon with support around $365-$380.

So, I'll would continue to play the PUTs game for AAPL here for every pop.

COH finally got BUY alert.. 48.30. It found support at 46. Potentially got gap to fill up to 54.
Be nimble and use stops!

After last Q, AAPL added another 20bln.. so, now got 137 bln. More cash than Bank Negara here.

...something to do with galaxy s4 launching?..
Not really. I think the funds are liquidating AAPL because of performance. They just don't see AAPL got
the catalyst to grow at this time. Money coming out from AAPL going to GOOG and AMZN.
The cheap one will get cheaper.

This post has been edited by danmooncake: Mar 5 2013, 05:37 AM

Waah.. so close. Anyway, I think if we include this quarter (Jan to Mar), AAPL going to add another perhaps
us 10-15 bln to its war chest. It expected to be lesser than last quarter but still pretty cash rich. More than most countries GDP already. Unfortunately, most AAPL investors are pissed because AAPL not doing much with its cash.


I'm looking for CALLs play if it can dips to 405-410 area. Just need it a little more oversold condition.

Yes... get it now to quick trade. I'm scalping this.. now.

W.Buffett also echo same bullish sentiments yesterday when he said stocks are cheap.
Dang.. can't fight this. So BUY dips until the sun sets.

Locking in profits for AAPL.. 430. it could go higher.. but I'll take my money now.
Dow at record high, SP500 at five year high.. so if not take profits here, you gotta to ask yourself why later.