AAPL Is A Short... Revisited
A couple of days ago, I (actually it was my wife with whom I wholeheartedly agreed) called for shorting AAPL @ $86. The stock seemingly can't keep up with the market's lofty expectations... Again, great company but expensive (therefore bad) stock. Some people confuse the two. A 10% correction is nothing for this name. It is still far from being cheap on a variety of metrics and I can't see why anyone would want to plough back in it around here, just for the (momentum) hell of it. Stay short, we may see $70 soon before this "mild correction" is over.
posted by Ivan at 1/19/2006 11:37:00 AM
1 Comments:
I think you should wait one more day on Apple and then take profits. There are still too many enthusiasts out there who may consider the new level a good 'buying opportunity' and thus push the stock back up over $80.
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