Please note eventho I traded a lot of AAPL, imo, AAPL still not a investable for longs yet, could even be scary for position trade (holding multiple days or weeks) because it is very reactive to news events. Holding overnight could result in substantial loss if it goes against you the next morning. I think there's still quite a bit of downside pressure to this stock and some more flushing still have to come in before it can bottom out. So, be careful here.

I'm still treating this as it is.. trade it (both short term longs and short). Make money and cabut.

As for GOOG - just got that $1k price target marked again by the doofus analysts.. this time, it's triple witching.
So be very careful with this beast buying at this level. What happened to AAPL could happen to GOOG in near future.

This post has been edited by danmooncake: Mar 6 2013, 08:30 AM

Time to take a look at FB! Yes. This naughty boy: FB.
I think it is setting up for a big move.

I like this one!! Market goes up, Economy goes down..

Anyway, spotted reversal today for gold miner NEM and copper miner FCX
Watch for opportunity to grab some calls.

I'm seeing a lot of upside calls for April and May, more than puts.
Option market usually is a tell tale sign where traders are betting.

Also, chart tell me it is consolidating here. Low 26, high 28. If break above 28.80, it can run.
I'm buying dips.

Long FB 27.75.. something cooking it today. Anticipating another news released of new products.

Short term target 29.

Difficult to say..

But, I like to think it got more downside until money stops flowing into GOOG, then, they'll redirect back to AAPL.

What's your thought?

It could happen. AAPL could be the next MSFT.. growth stock becomes value stock for perhaps divi hunters.

We are now seeing product cannibalisation already happening.

The mini iPAD orders resulted in lesser orders of the regular size iPAD. Because of competition, initially, they were expecting to ship 100million iPads for this year, now less than that. Even iPhone 5 orders have came down substantially.. now AAPL has to release iPhone 5S to stir more interests.

The stock price is doing the talking now, the giant has fallen until it comes out with newer products.

Yes, for a 5 day pattern, it is a higher low.
419 is also 52 weeks low.

But, 'THE BOTTOM'?
It is now but for how long? Don't really know right?

You also know that the general market (Dow,Sp500, Nasfaq) also at 52 weeks high.
If they pull back.. how AAPL going to react?

One can't really pick bottom or top but you can pick your entry around here and manage your risk with tight stops.

I'm just day trading AAPL on intraday moves now and using lows or highs of the prior day for my stops.

Long calls 429, stop 426
Long puts 434, stop 436

Trim and exit on 4-5 pts move. Two way play.

This post has been edited by danmooncake: Mar 8 2013, 11:14 PM

Well, if losing money, it means strategy not working. Must change.

IMO, AAPL still in down trend. If you're comfortable looking from the bear side, this could work otherwise cannot
stay on long side on here for too long. Too many people got trap above and they'll sell at any rally. That's why
you're seeing a lot of selling pressure even when the general market rallying.
This thing may look like it is bouncing off the bottom here now 419 but can turn around anytime.

But, overnight, friday evening trade works out ok for me with this range

Long calls 429, stop 426
Long puts 434, stop 436

Exited both calls and longs with profits. I'll play again next week.

Market pulling back a little but gaming stocks pretty strong.. LVS, MPEL, WYNN, MGM..etc
All ready for Q1 results run. Perhaps based on good Chinese New Year profits?

Of course...every week!
But, tonight, no position yet.

Looking at the last 4-5 days, looks like forming support here 419, 421, 425.
AAPL got to break above 435 to make its run. It has about 2 weeks of supply there.
Bears are still in control of AAPL.

I would like to see AAPL pulls down all the way to low 400 (give it another -20 pts) before bouncing back up.

AAPL is good for day trading but bad for position trading (over multiple days) unless you're short.
But at this level, shorting can be dangerous (low near the 419 support).

Nice!!! I think this week is a possibility too. But, I think I'm going to wait another day or so to see if AAPL can
hold 420. General market is a bit over-extended today.

AAPL pops above 430, buy signal - long AAPL calls.

AAPL 439.. I'm out. 1.25 x 100 x 10. yee haw.

Darn.. look at AAPL. The big boys are taking it down premarket despite having bullish close yesterday.
Still got gap-to-fill till 441 before it can take off. Low side at support levels @ 431 and 426
Good to day trade this beast until it recovers to normalcy.

Add 433-435 to the 4th low on your list.

Ok, this is actually a good level to watch here (433-435'ish).. we'll getting a 2nd pull back and even with tonight downgrade (Jefferies downgrade it to 425), it's not pulling back that much as I would expect. This is bullish here.

This post has been edited by danmooncake: Mar 12 2013, 09:51 PM

Yup, the support at AAPL 433 broke. LOD now at 430.84
But... on daily chart, the 2nd low at 428.61 (S2) still holding. If that breaks, then go short.
Let see if lower high trend will continue or not.

This post has been edited by danmooncake: Mar 12 2013, 11:04 PM

AAPL LOD so far..429.28, I like it here at 429.
Long some calls, with some tight stop at 428.50.
Target exit: 434-435.

Out 1/2 @ 432 during the last spike, out here completely at 429.50.
Basically flat. Not holding overnight.

This post has been edited by danmooncake: Mar 13 2013, 03:40 AM