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Technology Stocks : Apple 3.0
AAPL 269.73+0.3%3:59 PM EDT

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To: spitsong who wrote (124)2/25/2015 3:20:18 AM
From: spitsong  Read Replies (1) of 157
 
By the way, I did not write calls, as I was thinking about doing a couple weeks ago.

When AAPL started drifting sideways instead of continuing a slow climb, it looked more like it might go higher before correcting. So I'm holding, though continuing to look for an opportunity to write calls at any (likely temporary) downturn.

AAPL climbed $20 per share since the day before its last earnings report! It also anomalously dropped $4 on the day of the report. So even with Tuesday's slight dip, AAPL is now up $23, or 21%, since it announced earnings!

And that's pretty much why I think we might see a (likely temporary) correction until approximately the next earnings announcement.
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