Apple taking a fall (AAPL)

[OCtradeGUY]

How low will it go?:eek2:

[Horsefish]

Ahhh yes that was a great trade. Forgot who it was on here that highlighted it last week at 120, Did my DD and got in at 120.10. Sold monday at 126ish.

Believe this is profit taking. Won't go below 124 and then the buying starts again.

[wallstreetsedge]

i have to disagree, i think it goes lower.. theres a correlation between real estate and tech.. now its techs turn to take a beating

[Horsefish]

You're thinking another leg down? Go short the QQQ?

[wallstreetsedge]

i think we see it at 120 and under

lets see if the commerce numbers affects the market still throughout the day

[Horsefish]

Wallstreet: Nice call on aapl. 119.45 today. :adore:

[pedrom727]

You can buy at $118 for a pop off support, get rid of it as soon as it goes under $116 though.

[wallstreetsedge]

Wallstreet: Nice call on aapl. 119.45 today. :adore:

if youre short.. i would cover that position or close out the put positions

i got out of my puts in my main trading acct today

[BuyOnDips]

Lots of tech have been crushed lately.

YearToDate losses for 2008 according to MSN:

AAPL -38.6%
BIDU - 37.7%
NVDA -37.4%
CY -37.4%
GRMN -35.3%
VMW -31.9%
MOT -29.7%
JNPR -22.7%
ADSK -21.7%
DELL -21.4%
MSFT -21.1%
ADBE -18.6%
LWSN -18.2%
EMC -16.8%
ORCL -16.3%
CSCS -14.3%

That's a lot of pain. I'll be buying LWSN if/when it dips below $8. NVDA if it ever gets below $20 looks like a good buy. I'm also watching ACTU and CRUS for a swing trade. Both got hit hard lately, but insiders are buying and they are trying to rebound. I also currently like MTW(cranes are in high demand). And BEAV is getting interesting as their price falls. Lots of pain, but also potentially lots of good buying opps. Do your own homework.

[MrSer]

Aapl looks good for a long term buy at the moment. I like their computers much better than microsofts. I think at these prices its a great buy for the long term. However i can see this going to around 110 bottom. All tech looks tempting. Except rimm, rimms ugly.

[netwrangler]

Lots of tech have been crushed lately.

YearToDate losses for 2008 according to MSN:

AAPL -38.6%
BIDU - 37.7%
NVDA -37.4%
CY -37.4%
GRMN -35.3%
VMW -31.9%
MOT -29.7%
JNPR -22.7%
ADSK -21.7%
DELL -21.4%
MSFT -21.1%
ADBE -18.6%
LWSN -18.2%
EMC -16.8%
ORCL -16.3%
CSCS -14.3%

That's a lot of pain. I'll be buying LWSN if/when it dips below $8. NVDA if it ever gets below $20 looks like a good buy. I'm also watching ACTU and CRUS for a swing trade. Both got hit hard lately, but insiders are buying and they are trying to rebound. I also currently like MTW(cranes are in high demand). And BEAV is getting interesting as their price falls. Lots of pain, but also potentially lots of good buying opps. Do your own homework.That's a great list!

I'll be doing my DD on these companies. I gotta believe there are some bargains here. :wink:

[BuyOnDips]

Well CRUS finally started to move last 2 weeks. I guess the insiders knew what they were doing.

http://finance.yahoo.com/q/bc?s=CRUS&t=6m&l=on&z=m&q=l&c=