Algokid

Another Look at AAPL

BATS:AAPL   Apple Inc.
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I'm not suggesting to sell or short AAPL             ( even if the studies are screaming SELL !! ).

FYI Apple             is set to release a new iPhone this fall and possibly a smaller tablet (7 ") .
Wondering if AAPL is making higher lows...perhaps the start of a new up trend ! ?!  
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Insider Trader News : don't know how many of you uses insider trader news to trade, but I though this might be interesting :

The head of iPhone and iPad software sold 64,151 shares Friday worth $38.7 million

SOURCE : http://tech.fortune.cnn.com/2012/05/02/an-apple-ceo-in-waiting-sells-95-of-his-company-shares/
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Followed.
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Should test the $600 level first. IF unsuccessful , then we might see it go lower.
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Q2 results are out, and AAPL crushed estimate. However, As I mentioned in my previous comment about a week back, the stock needs to successfully test the $600 level. If it can't break that level, i'm afraid it might go lower. It's currently 5:21 pm E.S.T stock trading @ 597.00 in post market session.
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