Tuesday, November 6, 2012

Apple Inc. (AAPL) trading plan


Apple Inc. (AAPL) trading plan ;
If you have been reading this blog for a while, you know I was quite bullish on Apple for years, even mentioned the $400 price target ... long time ago ...
Have been shorting Apple (see all recent posts)
Will I cover my shorts ? Yes, if it heads above $610
The blue arrows I posted is basically my trading plan for Apple.
You need to have a visual plan. It has to be "clear" in your head.

3 comments:

Anonymous said...

moise,

i am confused... are you now recommending buying or shorting aapl?

a few posts down you were recommending that we start to build a position? wait for negative commentary and then load up on blue chip. all the biz networks are screaming sell and bashing now. i was just starting to think about building that position and the see this. has it changed?

Moise Levi said...

Hi,
Will update soon

Anonymous said...

Good chart! Do you think Apple is still a good short here? I would not have not thought so a few months due to the relative fundamentals but they appear to be completely ignored now and all the commentary is so very negative everywhere in media no matter how good sales or the billions they make. I plan to short the open monday at 530 with a 430 target or less? Thanks!