Apple Inc AAPL Daily - Under FIRE from Amazon's new Fire Phone

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The new Amazon Fire Phone has so many innovative features that it makes Apple             look like it is so far behind in the smart phone race. The best part is we all benefit when the "SMART PHONE WARS" heat up.

AAPL             shares are overbought and I can see how vulnerable they are here with the introduction of the Amazon Fire Phone. Let's see what AAPL             can do to save the day and I imagine that would have to involve releasing the next generation iPhone a LOT sooner than currently planned or else they are going to lose a lot of people who will place orders for this phone.

Congrats Amazon on an amazing phone - (Amazon Live Blog is the source of the info I have seen on the new phone).

Tim 2:45PM EST 6/18/2014 AAPL             91.84 last -0.24

Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
90.18 last. COVER. 1.66 profit. Minimal adverse excursion during the trade.
+1 Reply
timwest timwest
VERY HAPPY with the "cover" location and timing. WIth AAPL back up to 92+ here, I only wish I had put it on as a long position.
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Cover here for a small 2% profit.
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I really appreciate what youve done for freinds
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timwest manijeh.kazemi.33
Thanks for saying that - I try to setup low risk trades. This is a decent place to cover AAPL shorts.
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one comment here...smart phones really sold with the app store...no matter....how better your device is....if you dont have the supporting app store...it wouldn't be able to move people....amazon, microsoft, andriod...all are suffering with same problem...only time can push apple out of the smart phone market....
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I completely agree with you. And i think the amazon's phone is incomplete the app store isn't good enough which results in a lack of apps that are present on the IPhone. The phone is also only available for sale in the US, the kindle fire isn't available everywhere and was released a long time ago.
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timwest vaqueas
Amazon's phone seemed amazing when it was presented - I know I wanted one. As more people have analyzed it and presented their case against the Amazon phone, I think it is clear that Amazon isn't going to make much of a dent in Apple's iPhone sales, but at least it was a decent, low-risk trade to sell short an extremely overbought AAPL on the heals of others selling their Apple shares. Thanks for your solid comments. This is a decent place to COVER the AAPL short at a nice profit.
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