AAPL Short

[stideas]

AAPL looks to be churning here and might be a good short entry with a stop around 180 area.

[gferrets]

That seems like a scary trade to me. I think it continues back up very shortly.

[aiki14]

AAPL looks to be churning here and might be a good short entry with a stop around 180 area.

I am long the stock and played the puts and calls today in that order. I wouldn't be short the stock here as I just don't see enough downside room to make the position worth it when the options are so liquid. I would be long the sept175 or 180 calls at open tomorrow and short the 185 calls to cover a downside move before you sell out. I wouldn't hold any position overnight except a long stock position under 175.

[stideas]

It can be seem as a cup/handle pattern but I'm looking for it to test 50dma and some more as I believe the iphone story is already married into the stock.

Is there any other catalyst or reason to believe AAPL is going higher?

[wallstreetsedge]

i dont think theres any reason for aapl to continue higher. earlier this morning i noticed huge sell orders going in, i'd rather be short on the stock. going out 6 months, i think it can dip below 150... i still remember months ago when it dipped form 200 to 130 in no time. it could happen again.

but who knows... today aapl was extremely difficult for me to play

[aiki14]

It can be seem as a cup/handle pattern but I'm looking for it to test 50dma and some more as I believe the iphone story is already married into the stock.

Is there any other catalyst or reason to believe AAPL is going higher?

The Apps store is gonna be a big earnings driver and it'll be difficult to detect from outside until they announce, might set up an upside surprise. I also believe they were overhit by the market after the last conf call, they still have 8 quarters in a row of earnings beats. Whats the downside catalyst? I see them justified at this level on an earnings multiple basis, and an outlook level, they have the most loyal customer base this side of harley davidson, and there's always something in their pipeline that wows the geeks.

[Riddicks]

AAPL always like to under promise and over deliver on their earnings. Although I believe their customer base is loyal, I don't believe they will be able to keep this stock up in this market. It's getting hard to justify buying $2,000 laptop when you can get some really good ones for $500-$800, check out Dell's new line. Although it is not a Mac, I know, but they will have to come out with some new laptops for the new netbook market that has begun dominating the industry.

The Apps store seems like a bigger story than it is as I don't know any person with the iPhone actually buying anything off the APP store, they usually just download the free apps, I have the ipod touch and if you jail break it you can get all those apps for free anyways. Might be a surprise but in the end AAPL relies on innovation, unless they announce something new this Sept, I don't see any reason for it to continue its recent run up.

[Florida]

Whats the downside catalyst?

Downside catalyst:

300 million add campaign by microsoft

releasing a "fix" for the new 3G phone after denying any problems with calls dropping

Ipods bursting into flame

Could AAPL go back to around 200? Yes they could, but that is only a 10% gain. The days of the momentum carrying AAPL to new highs every week are over. The risk reward in my opinion favors the downside at this point.

[stideas]

I still believe that the new 3G iPhone story is already priced into the stock and I don't see any catalyst going forward.

From technicals perspective, it might bounce here with the overall market but short to mid term, its headed south.

STI,
http://stock-trading-ideas.com

[JMMARICH]

I am still comfortable with getting in around the 150ish levels. I have paper traded this one several times in the last 2 weeks and come out ahead, but I still don't feel comfortable in buying in at 170ish.

--Josh

[stideas]

AAPL shorts coming to fruition. More to come...

STI,
http://stock-trading-ideas.com

[Riddicks]

Maybe it still has more, but not tomorrow. Looking at AAPL daily, it usually has an up after a huge down day before it falls off again. There will be fanboys jumping on all over this thinking its cheap here.

[wallstreetsedge]

i dont think so... today it traded at about half the average volume. i think bulls are too scared to buy right away...

an article came out on motley fool with a warning list and aapl was among the choices. i believe they said aapl has fallen as much as 70% so lets see what happens...

we have consumer confidence numbers tomorrow, id look for a reporting of 50 which can lead to a huge sell off but imo nothing looks good... todays home sales report shows that a majority of the rise in sales are coming from forced foreclosures...

LOOK OUT BELOW!!!!

[JMMARICH]

I am sitting on 35 shares (I know, peanuts) and I will be watching at the opening bell.

[stideas]

AAPL shorts acting really good on the DELL (tech) news. Looks like some more to go but will seee...

[ZaNoob]

Fried AAPL pies and baked AAPL pies and AAPL chips are always tasty.

[jalee25]

Don't know for sure... but I think AAPL may drop a few points.

[stideas]

AAPL short is on fire. Recommended short @ 178. Now trading at 166.

Lets ride some more with a tight stop...


STI,
http://stock-trading-ideas.com (http://stock-trading-ideas.com/)

[JMMARICH]

Apple has announced a meeting next week and is said to release some information.
http://blogs.computerworld.com/expectations_speculation_for_the_september_9th_let s_rock_apple_event_hint_no_macs

Probably helping the price. Bet it goes up until the date.

[stideas]

Well if it goes other way, we will probably be stopped out and start riding the other way. :|

Just try to be on the right side of the trade...

STI,
http://stock-trading-ideas.com

[Bolimomo]

AAPL approached a long-time support around 150 (actual low around 152 today). Closed at 157.49. I will be tempted to long a double bottom or Adam/Eve bottom tomorrow onward.


==========
Don't listen to me. I am a day-trader (cough, cough, a flip-flopper). I can change my opinion in 2 seconds.

[stideas]

I believe it's headed much lower by end of this year. For now, it looks extended towards downside and might bounce. So shorting does not look profitable at this point.

Can be shorted again around 170 area...

sti,
http://stock-trading-ideas.com

[Bolimomo]

Can be shorted again around 170 area...

I agree. I will be playing it both ways. :D I am a day trader!

[stideas]

I agree. I will be playing it both ways. :D I am a day trader!

Good for you Bolimomo.

Hope you make some profit on this one....

sti,
http://stock-trading-ideas.com

[Bolimomo]

Good for you Bolimomo.

Hope you make some profit on this one....

Thanks STI. I have been making a little bit of profit on AAPL everyday. Though not as much as I would like.

My OTA instructor warned me not to play AAPL after reviewing my trading plan. But I am a maverick. Hard to find this kind of volatile stocks.

[stideas]

Food for thought:

Why is AAPL so weak as compared to the overall market bounce? Is something cooking?

I smell rat.....

sti,
http://stock-trading-ideas.com

[statepkt]

You mean like an upcoming drop?

[stideas]

Yes, thats what I meant...

sti,
http://stock-trading-ideas.com

[statepkt]

Gotcha....will be on the watch

[statepkt]

1 thing to add though.....the volume is dying down today, running out of sellers?

[stideas]

Still above average volume. You can expect it to bounce to 157 area...

sti,
http://stock-trading-ideas.com

[statepkt]

I certainly hope so 8)

STI are you in apple?

[stideas]

I'm looking to short coz of more potential at this point. I will posting my trades here and my blog once I initiate a position.

The view can change if the market decides to trend in opposite direction. But conditions favor going short.

sti,
http://stock-trading-ideas.com

[statepkt]

sadly i am in calls right now.....

[Riddicks]

state you are sitting pretty right now, I wouldn't short this monster here yet.

[stideas]

I hope you were out of long (calls) and were shorting this one. Its getting cheesed ......

Take care of your capital!

sti,
http://stock-trading-ideas.com

[stideas]

AAPL is down 6 in pre-market. Looks like a retest of lows (125) is on the deck...

sti,
http://stock-trading-ideas.com

[Bolimomo]

AAPL and RIMM are 2 stocks that I trade regularly.

Today RIMM had a hair cut (70 from 97) from their earning report last night. AAPL was affected too. It fell in sympathy.

I have been watching AAPL and RIMM side by side on 1-minute charts. Their every move seems orchestrated with each other. When RIMM goes up, AAPL goes up. Vice versa. So uncanning.

In the last hour of trading today, AAPL was more bullish while RIMM fell back. I wonder if their synchronized dance will start to break.