Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 691.72

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Jan 16 4:00 PM EST

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To: GROUND ZERO™ who wrote (42219)	12/20/2012 1:30:47 PM
From: Keith Feral	1 Recommendation Read Replies (1) of 221972

First time Google went to $700 in 2008, it crumbled to $400, bounced to $600 and then retreated to $300. I think the margin changes for Apple are turning out to be a huge warning flag. 7 EPS downgrades already this quarter. Congrats to Entitlement for shorting this stock at $531. It seems like a very good entry spot for a short into the relief rally from $501. It's hard to get a stock like Apple off the trading screen, but I'll have to sit out the fireworks til the stock gets through EPS this quarter. It's been a complete distraction since $700 with lots of other things working very well. Apple has really been a thorn in everyone's side for the past few years, but their competitive advantages are almost non existent relative to the price points for any of their products.

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