Whoever invented the phrase "the apple doesn't fall far from the tree" should probably sell their AAPL stock immediately.
If you have been following AAPL lately, you will know what I'm talking about when I say that the chart has gotten (Larry David voice) pretty, pretty... horrendous.
Two daily down gaps have pretty much disassociated the stock's current price action from its last 10 years. It would make more sense coming off of a split, but it doesn't. And that is what strikes me as something to potentially exploit.
In order to exploit it properly, I was required to project out a detailed map that served as an excellent guide for a short play, as well as, visual proof that the phrase above is unequivocally, mathematically, incorrect.
Soccer moms - no more using this phrase passive-aggressively to describe one of your kids' friends' dads who occassionally brings a joint to the games. It's enough already. Plus, it is incorrect.
Non-soccer moms + All Other People - feel free to use the projected path as you please.
Shoutout to @ProfitHarvest, who has provided this joke-embedded idea with a pignature that befits it.
-SwinesaacNewton
Trade active
⋅
Closed right on the trend line, so could see it potentially taking an obnoxious bounce early next week.
My counts across DJI, SPX, and NDX suggest either that the 5th ED is complete as of today, or its just entered the third of five in the same ED pattern.
The implication is the same, just that the second path will delay a big move for another session or two.
Trade active
⋅
Looks good so far - looking for 108-112 landing tomorrow. Will take some off into the weekend if this target hits.
Probably 50%.
Trade active
⋅
Went short today.. way OTM to like 120ish on puts for this and next week. The puts were 3 cents a piece, so yeah, I'm having fun with this one.
If I were to make AAPL a core short position, I would take the 126s for next week (05/24), rather than a lotto hail mary.
The one item that could send this stock much lower than the rest of the market (even though this is basically the market itself) is this court case, IMO. Any negative updates will lead to massive selling and potentially a 20 bagger, in my case at least.
Comment
⋅
sorry, ideal put position is 126 strike and (5/14) expiration.
@ProfitHarvest, well done, that is your clever-est one yet. going to update the idea with this. 10 gold stars to you
gyore
⋅
Are you familiar with the first Apple logo? Are you familiar with Sir Isaac Newton's financial mishaps on the stonk market and his South Sea Company loss porn?
if im being extremely honest, I did not know that he lost all his sheckles on South Sea calls.
henceforth, there are two ways we can proceed here:
a) pretend I did know this fact and appreciate this idea as a work of comic genius (preferred) or,
b) we can appreciate that the coincidence is funny
In any case, thanks for the gravitational bode of confidence, I do think this will play nicely.
gyore
⋅
@Perma_Pig, your comic genius is kinda funny, coincidence or not. no point in being serious, as the great philosopher the joker puts it. it's a casino after all...
things are about to change however... i am also considering a big tech short, and apple is possibly the best candidate. (well it's a coin toss with netflix)
(disclaimer: as of friday, i'm short tesla. so i'm officially insane and betting against the future...)
thing123
⋅
LOL - "Whoever invented the phrase "the apple doesn't fall far from the tree" should probably sell their AAPL stock immediately." HAHAA!!
I love your posts!