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Pastimes : Dreamers' hideout
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To: Lahcim Leinad who wrote (1785)1/24/2013 5:38:46 PM
From: Trader J1 Recommendation  Read Replies (1) of 2222
 
There's oversold and then there's oversold. Apple was most definitely oversold .... the difference is whether it was justifiably oversold. Valuation wise, I could make a strong argument that it was. But in reality and as the market leading issue ... psychological oversold is far more important to me as a trader.

I don't think it's there yet. Anything could happen though. I believe that new buyers will be met with far more shares on the sell side ... especially on any strength.
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