KeeneOnMarket

Is it Time to Get Short AAPL?

Short
NASDAQ:AAPL   Apple Inc
8
I have a love hate relationship with AAPL since 2006. I have made over $1 Million trading AAPL in 2 separate years, but it also blew me out in 2006. I remember that day like it was yesterday, this was the first time that AAPL sandbagged their Guidance after a great Quarter. The stock went from $91 to $99 and then to $81. I lost over $100,000 that day and blowout my account. I was also the biggest independent AAPL Market Maker from 2006-2009 in the World. As I write this, I do not have a position on right now. The stock has made a higher high and a lower low for the 6-8 days on the Daily, but this might actually set up a good time to get Short the stock with a tight stop. The daily pressure is strong, but if I see a bearish bar on the daily I will get Short AAPL with a Stop above $556. This is a great risk to reward set-up but I am waiting for that Bearish bar to the downside first/

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