Congrats on all the longs on AAPL. So much celebrating and partying going on. I'm glade to say I cover my shorts on AAPL the day before earnings, but I'm also sad to say I didn't go long before (I never play earnings its pretty much a gamble to me). With that said, I'll be shorting again if and when I see a good setup. Nothing as of yet, but I'll be posting here when I do.
AAPL - Apple Inc - Page 587
It will be difficult to short Apple now that it has resumed strong momentum. If you pull it off (because it comes down to time frame), awesome! One of the best times to short would be when they report in October again. Due to iPhone5 demands, the same situation will happen with the 4S. I know I am waiting for an iPhone5.
Sell in May and go away will be long Apple and go away until 2014.
Thread is completely back to its bullish self again. Did anybody read that they lowered next quarters est EPS? Obviously apple is notorious for trying to say they aren't doing as good as they actually are, but food for thought. I think the top at 644.00 holds for a good bit longer than most in here are betting.
You might be right, when the last earnings report was released in late January the price ranged between $440 and $450 from Wednesday to Friday. It wasn't until the following week that it began its parabolic move.
I'm not calling for $300 by any means, just playing it short term. I'm not thrilled with any stock to fall in love with nor hold for an extended period.
I'm sorry for bringing another view point to the thread. Since i posted this morning the stock has dropped $9 and falling, how are those calls?