Holdings  > Holding Rationales  > Above 180 today? Yes.

Holding: AAPL

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Symbol Sector Return Exposure Trades Last Trade Status
AAPL Computer Hardware -34.62% 
Long
3  09-Sep-08  Currently Holding
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12-Aug-08

Above 180 today? Yes.

Holding Rationale for AAPL.

So AAPL has just been shooting up.  I thought it wold hit the top of the channel yesterday, and it did... and kept going. and now again today.  So the previous high it seems was around 180.  Major sell off around 10.15, i think after a high of 179.29. Fell down and fought around 177 for a few minutes. Seems to be consolidating around 178.

What Next?

I have a day short at 176.45, though i don't expect it to hit it today. Just a failsafe.

Could it break 180 today? It seems to be rising on average-high volume...  We've mostly seen big early jumps and then either slow rises or ~1/3 falls to close the past few days - will it be the same pattern...?

Tempting to sell at 179 to be safe. And buy back in at around 181 maybe, if it keeps going up.

Ok, final thought (for now at least) it looks like there are enough traders with some fight in them to keep it going a little higher.  It will make 179 again, close above 177 at least.  90% likely under 180.  They have some fight, but I bet there will be a lot of profit-taking as it approaches 180.  It will probably bounce off it once more before rising above tentatively.

Tagged Stocks: AAPL

 
 
 
 

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julowe

AAPL Long
Rank 461/795
Return -34.62% at 2008-12-01
Rank 461/795
Trades 3
Followers 0
 

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