CalebDismuke

Nearing pivot level

NASDAQ:AAPL   APPLE INC
Technical
First off, I do not suggest shorting companies based off fundamentals. I believe there are 17 pure short hedge funds out of 10,000 or so that run a fundamental short book. I have no edge over them. H/T FT             Alphaville podcast with Jim Chanos, great listen.

This is purely based on technicals.
The trading range, as I see it, is 92-120. Strategy- sell 120 buy 92. Rinse, repeat. I am more biased to be long these kinds of stocks , so I would buy on a dip toward 92.

These giant tech companies can go range bound for years. Microsoft             traded 20-36 range for almost 15 years b/f breaking out to the upside.

I would call this more of a swing trade with a 6 month+ time horizon.
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