Holdings > Holding Rationales > Interesting short term opportu...
Holding: AAPL
Michael_Arold [4299] 
You are not tracking michael_arold.
| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status | |
|---|---|---|---|---|---|---|---|
| AAPL | Computer Hardware | 35.73% |
|
100 | 15-Mar-10 | Currently Holding |
24-Jan-08
Interesting short term opportunities
Holding Rationale for AAPL.
Yesterday's reversal created some very interesting short term trading opportunities. We can see some bullish intraday price action on quite some charts.
One example is APPL, who reported a bad quarter & negative outlook ("It's the guidance, stupid"). Despite the fact, that Apple lost over 10% of its value yesterday, the intraday price action looks promising for the next days, showing a intraday reversal ("Candlestick hammer", see chart). I'll probably enter a long position on the open to speculate on a reaction back to the 160 level. I'm not too bullish for AAPL for the long term, but right now, a lot of market participant seem to play the oversold game in this stock.
Other stocks I like that show this pattern and might be worth a little reaction trade are for example ABT, FCX, MON, RIG.
BTW: talking about RIG: crude came down to the $86 level and is also ripe for a reaction. Remember: falling interest rates effect the Dollar, which effects crude prices. A slowing economy scenario might be priced into oil prices.
To be clear: I still believe, we are entering a bear market. There will be more negative news in the near future about consumer spending and inflation worries. So I wouldn't be too aggressive going long.
Posted at 13:11 in Holding Rationales | Permalink | Top
Michael_Arold |
|
| AAPL | Long |
| Rank | 303/1181 |
| Return | 35.73% at 2010-03-22 |
C'mon superbear All...
Superbear Charles Allmon calls for low of Dow 3500 to high ...
beanieville
google stats on div...
I like to use google stats from time to time to see what peo...
TJHolland
Long Term Run
I believe the trucking company will turn around this year, a...
planonavy
Account Updated for...
I now have my account set for Manual Updates. I'll try...
AdamN
Categories
Holding Tags
Other Stock Tags
Archives
0 Comments on "Interesting short term opportu..."
You must be logged in to post a comment.
Top