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06-Aug-08
AAPL is still on a downtrend, started 3 days before the iPhone launch.
What would a short today get me. sell $10g AAPL at 159 (realtime 159.11). Let's see.
Last relative low was around 146.
On the flipside, AAPL looks to be changing - it has been going sideways for 7 days now, breaking out topside of that nice down channel - bigger fall or starting to rise? Break of 161 would be a good sign to buy. Safer, above 163.5
Tagged Stocks: AAPL
Posted at 07:57 in Watchlist Ideas | Permalink | Comments () | Top
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