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To: Jacob Snyder who wrote (12269)	9/27/2011 1:17:00 PM
From: The Ox	Read Replies (1) \| Respond to of 13403

OT I respectfully disagree - and of course that's what makes a market!! AAPL's PE is around 25, while it's 5 year growth rate has been around 35%. So while the stock has been in a bullish trend, I believe that underlying fundies allow for most of this bullishness. Price to Sales in in the mid 3s and that seems reasonable as well, given their tremendous following. Margins are terrific. Can this stock tank, sure. No doubt. I just think there are so many other stocks out there that have much greater potentials to drop. Good luck!! Please note that I do not own AAPL stock or any AAPL products, fwiw. I do trade the stock at times but almost always intraday....

To: Jacob Snyder who wrote (12269)	9/27/2011 2:04:46 PM
From: Return to Sender	1 Recommendation Read Replies (1) \| Respond to of 13403

OT: Don't you think you could make more money playing both sides of the equation? I can't help but remember when Advocate Devil was making more and more money shorting AMAT right up until the bottom in 2002. He even decided that it was time to go long the market prior to the actual bottom. Then he second guessed himself and shorted more AMAT shares than ever before until his losses drove him underground. It's pretty simply Jacob. I agree with your bias on a fundamental and real world basis. But you are throwing out too much important information that can be gleaned by paying real attention to expected reversals on stocks technically as they near RSI of 30 around previous support levels. You are not watching volatility closely enough. Page down to the volatility charts: siliconinvestor.com You should have taken profits on MU and KLIC last week. Opening a position in AAPL at a time when the market is in Bear Market rally mode is just silly. I agree with Ox on that. One should pick a weaker stock on a rally rather that a stronger stock on a weak pullback if you are going to short anything. We are seeing a some improvement in market breadth compared to the August bottom: siliconinvestor.com Bottom line short the rallies. Buy the sell off on high volatility. Trade only small positions and be nimble. Remember that rallies within Bear Markets can be extremely high percentage moves before they fail so short only when your sure we are at the top of the range on low volatility. Right now low volatility is about 32 for the VIX. Just my two cents. RtS