Gaps
I see a couple prominent gap-ups that AAPL jumped on its rapid ascent from $365 starting last Thanksgiving:
$428 - $443 in late January
$568 - $575 in mid-March
I got taken out of 1/3 my AAPL position (at $578) in the mid-March gap-up, but have had my eye on these two gaps since even before then as a re-rentry strategy.
Now, the market maxim that "all gaps must be filled" is either true or not, but I've seen a lot of unlikely AAPL gaps get filled over the past 15+ years, and it seems to me that these are no unlikelier than those.
So my decision over the next few days, when I expect the current buying opp to improve (sorry, fellow AAPL bulls who are holding more than I right now, but my moves last month have shifted my perspective towards looking at the last few days as a less of a "loss" and more of a "buying opp"), is, do I place a buy order for $569, or hold off and hope that gap at $430 gets filled in the next few months.
Thoughts, anyone? |
