For AAPL, Andy Zaky who sometimes is on this site posted the following at seeking alpha. He is long the leaps. I have been following his posts for earnings on this stock for a while, and he is better than the experts. Looking for $6.31 vs. experts 5.35.
Have not seen earnings yet, but if you were a fund manager that had to dump shares due to the rebalancing of an index, wouldn't you take the opportunity to sell into strength if it happens? Maybe they beat earnings and the stock does not move up very much in the short term.
Last edited by jimmythegeek on Wed Apr 20, 2011 4:16 pm, edited 1 time in total.
well, I guess that's if for today. I was on a wrong trade but this is part of the trading life, so nothing to complain here. officially, I should cut my short at the open, but I just hold both long and short now to lock the worst case and if the VIX out of BB could play out eventually, then I'd have chances to dump my short at a little better price. In my short-term report, I'd write that the short is stopped out and I hold long overnight of course. that's the difference between the real trading and the paper trading. thank you guys, I'll see you tomorrow and sure hope the AAPL ER is good.
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whats was your long term trend direction coming in to today's trading.
Bill
that's clear up.
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