AAPL Intraday Updates - Archive

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    Posted: 01 June 2012 05:48 PM #346

    Nevyn - 01 June 2012 05:59 PM
    Nevyn - 31 May 2012 01:25 PM
    Mav - 31 May 2012 06:18 AM

    I just looked it up:  http://www.investopedia.com/terms/p/paintingthetape.asp#axzz1wQRRbDIl

    So…?

    IMHO, Short term traders should consider taking some profits this week, considering that this strength may be due to quarter end for funds.

    I should listen to my own advice.  :(

    I did take your advice, so thank you, Nevyn.  I was able to sell out of a handful of calls that I was above water on, and I would be sitting under water now by a lot if I had held on.

    My only problem - and that will be determined by how next week goes - is that I jumped in for another handful of calls at 570 and down to 565 (and I was feeling real good when we hit 572 today, figuring we were going to bounce).

         
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    Posted: 01 June 2012 06:11 PM #347

    That was one heck of a red day. 

    Oversold bounce?  Are we even back to oversold?  Well, I did raise some cash yesterday so hopefully I can put it to good use in an uptrend, however short.  I knew I shoulda hedged my Oct 12s…*sigh*

    Keep perspective.  Remember, we’re still up from 530 (522 counting the intraday low).  AAPL will not resist downtrends 100% of the time.  The AAPL road has been rocky since 2010.  Just stay nimble or plan accordingly depending on your investing or trading style.

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    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Teamâ„¢
    Thanks, Steve.