Wednesday, January 21, 2009

AAPL: Update on Short recommendation

AAPL had a miserable close and ended at $78.20, which was great for our short position.  After hours, however, there has been a recovery and it sits right at near-term resistance of $79.20.  This has been the third time AAPL price has bumped up against resistance, so be careful because it may break through to the upside.

Update at 10:16 am:  Puked in up and covered at $79.50.  Whisper number is that AAPL will beat earnings after hours.  Too rich for my blood.

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