Bald Man from Mars,
Don't be panic when it went down. Some profit taking has been going on
today since somebody who bought around 15-17 would cash out in the current
slow movement environment (especially this morning if compared two previous
sessions). Not many people would dare to add more short positions since so
many takeover bids speculating around.
This is a period of calm time before the report comes out next week. Also,
so many "buy call" at 17 1/2, and 20, hence, it is goning to take longer to
digest all the bets. I wouldn't think Apple would break 20 before options
expired unless there is a takeover news breaking out during this period.
We have seen Apple is really doing its portion into healthy road, and hence
there should be of no complaint but patience. Apple has two astonishing
positive quarter reports in Gil's adminstration, so it might happen again.
Besides, street's analysts have been factored and expected bad news about
its quarter report, the things left should be more positive.
More exciting things are Apple's future quarters will be getting better,
which has been predicted by analysts and admitted by Apple's exectives.
I have been losing so many opportunities with the same situation and feeling
you have now. I think if you want to win in stock, patience and persistence
are keys to succeed.
-IMHO |
