$AAPL: The Fanboy Short

BATS:AAPL   Apple Inc
555 16 1
Did all the fanboys get caught in a pump and dump?
I guess this target was hit?
I have this possibiliy open- a pullback back at 483.
pdiddy.pablo sublimares2
Support broken. 483 is a given now. Opportunity to buy more
Reply pdiddy.pablo
486 is a 2.618 fib level. That's the level I'm thinking we will test today.
I would say 489.68 (gann 60 degree)
Reply sublimares2
We basically tested 486. (486.30 low) I'll have to look when I have more time
Fibo level of 2.618 measured from what points?
sublimares2 pdiddy.pablo
MA 21 should give support and probably a buyable area
I think you'd have to be nuts to short here. there are plenty of other low risk shorts. Who is going to short here when it's only 8% above the year low. Is there a chance it goes to 480 before going to 540, yes. But it's it a sound investment to short, no. The risk to the upside and possible reward is much better. I'm long though so I'm obviously biased.
Reply pdiddy.pablo
You could be right. I feel that AAPL's glory days are behind it. I'm a trader so I don't care so much about fundamentals. I do what the chart tells me, day in and day out. I hope you don't get squeezed while you hold out for 540.
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