Apple Tankwatch Message Board

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Technology Stocks : Apple Tankwatch

AAPL 270.25

-0.4%

Oct 31 3:59 PM EST

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To: 2MAR$ who wrote (17319)	3/14/2012 11:01:38 AM
From: Trader J	Read Replies (2) of 32680

The best short play in a way that reduces direct risk would be to short the QQQ ... Apple has been pulling that higher in a big way. I'm short the SPY myself and have been looking at VIX calls too ... but I don't really like being purely short Apple unless it's a small play. There is NO doubt in my mind that we are going to get a sizable drop here at some point, but anyone's guess as to when. There are a fair number of negative international catalysts floating about and any one of them could hit the broader markets. I'm positioned long except for a small Apple Put play and my SPY puts. I just got some AGQ this AM again. It's a great trading vehicle for 5-7 points. Knock on wood in that I have a 100% positive trading history on that one. Still have about 20% cash too that I'm having trouble keeping low because of all the Apple trading gains.

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