Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Friday, June 13, 2008
AAPL Bull run over...for now
AAPL has been bouncing off this multi-year green trend line. The previous break sent the stock price to $115 and a repeat of this could be coming as the rumour of Steve Job's failing health continues. The fan lines and the short-term fibs give a compelling trade on the short side at anything from $172 to $176. A $20 point fall to $155 by September 1? Only catch is the PUTS are very expensive.
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