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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (12267)	9/27/2011 9:13:36 AM
From: The Ox	Respond to of 13403

OT Looking at your long term chart, AAPL broke out of a 9 month long basing period in July, climbed to a new high, declined to retest the top of the basing period and has since rebounded. Looking at a 3 month chart, this last small decline off the very recent high came back and retested the previous high area made back at the end of July. I wouldn't look to short AAPL unless it started breaking down below 390 or, conversely, until/if it failed again at the recent highs in the 420s.... Taking a flier up in the high teens/low 20s with a stop set on a break out, I could understand. Not trying to bust balls here, just wondering what you are seeing that I'm not!! Comparing MU to AAPL seems like a total reach. One has pricing power and terrific margins AAPL, the other- MU -simply put, doesn't have either, IMO.

To: The Ox who wrote (12267)	9/27/2011 12:39:15 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 13403

OT AAPL short: The chart is bullish, totally. I'm shorting AAPL, because it is at its highs, while the weaker stocks have already been cut in half. When stocks were going up, or sideways, I shorted the weaker stocks. Now, the strong stocks haven't collapsed yet, but I believe they will. The flight to quality will only temporarily prop up AAPL. AAPL sells consumer discretionary products, with the world on the brink of recession. Nobody really needs what AAPL sells, like they need toilet paper or groceries or gasoline. Sentiment is as bullish on AAP as any stock, which means the stock is priced for perfection. I believe in the current macro situation all stocks (and especially consumer discretionary) will do poorly. I'll admit, my short is not risk-free, and I could be wrong. If I'm wrong, I'll just wait. AAPL doesn't pay a dividend, and there is nothing I want to buy (long, that is) so there is no cost for waiting. If I'm not right yet, I'm confident I will be right later. I don't mind at all, having my choices questioned. Please continue.