Ull lose upside but at least make some $ n drop ur price
But with earnings a drop might not be the best as u cannot exit
Prob best to hold
There is so much up in the air right now, and several big factors to look at. From iPad (likely to be great) and iPhone (possibly bad) sales in the quarter, then you have to look at forecast, given possible supply issues (Qualcomm), and also new products on the horizon (iPad mini?, iPhone 5, etc.). So many different angles on this one.
If earnings miss, I doubt it will miss by much and we probably won't have a big pullback, though it may reinforce the downtrend. If we meet or exceed, we might just stay flat or inch up. If we exceed by a lot, we might restart our rally.
If he has a margin account though, 3 round trips on one day, he can only buy and hold overnight until the 5 business day rolling period gives him his 3 back.