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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (148338)	1/15/2013 7:34:45 PM
From: Keith Feral	Respond to of 213172

I wanted to buy some more yesterday, but listened to your call for $485 and waited to buy more on the plunge again this morning. Everything I hated about Apple approaching $700, I like around $500. The stock price was too far above the 200 dma at $700 and it's too far below the 200 dma right now. After listening to DeMark's comments, I feel much more comfortable with the buys yesterday and today. I'll be joining you on the call side soon. I don't see any reason to wait for Friday expiration, so long as the stock isn't getting crushed tomorrow. I'll probably buy some in the money calls and just keep my fingers crossed for earnings.

To: Trader J who wrote (148338)	1/15/2013 7:53:38 PM
From: Keith Feral	1 Recommendation Read Replies (1) \| Respond to of 213172

I don't think they will let Apple go back to unchanged from last January. Heading into EPS, it's up only 10% from last year. There won't be time for much panic in the stock next week either, since it's a long holiday weekend. I think the stock price will stay around $500 going into EPS. I think shorts have to cover going into EPS at this point. They got a real gift from the stupid WSJ article on Monday. Why would they not take a profit at this point, rather than subjecting themselves to the potential for a huge rally after earnings.