AAPL Crumbles?

220 2
AAPL forming a death wedgie just in time for earnings . Really no compelling reason to buy an iPhone until 5G so I'm guessing they'll miss.

What's weird is they didn't give guidance at the beginning of the month, maybe the expectations are just that low....
Apr 30
Trade closed manually: Decided to take the easy money and run. Still don't think they'll make earnings though, but a win is a win.
Apr 30
Comment: Chart pattern seems to indicate that it's not going to gap much, probably does something stupid like NFLX did on earnings to wipe out all of the options. Definitely staying out of this one.
Apr 30
Comment: Should have known something was up since they didn't warn this quarter. Glad I flipped my puts this morning.

Expecting this to act more like AMZN and give up some of its gains in the coming week. More market whipsaw....
Apr 30
Comment: The funniest part about this is that both revenue and earnings are lower than last year, yet the stock price is well above last year's level.

I see this with other stocks as well, hard for me to jump into stocks when it's an obvious bubble. At the same time you can't short a bubble while it's rising.
**May 23rd
Trump trade policies makes it more obvious that AAPL is a bubble. Easy money fore puts in June.
agreed. APPL is good for selling,
+1 Reply
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