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What To Do With AAPL
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RACK opened up at 13.57 and peaked at 14.13.
I am loving the action in this stock and I do think its going to go higher. On the other hand, I also want to make SURE and protect my gains.
I put in a stop at 13.09 to sell everything. I figure if it goes below that it is going to go even further probably 12.65-12.80 and i can buy back in then.
AAPL announced new macbook pros. The stock didnt do much but it has been EXPLODING recently. I bought in AAPL at $85 in mid February and now its over $120. I sold half my shares at $118 but im letting the rest ride. On 6/29/07 the iPhone come out. Thats why there has been SOOOOOOOO much hype. I plan on shorting AAPL closer to the iphone release. If it gets to 128 I will sell for a 50% gain. TAKE IT AND RUN!
Then I will switch to a short position because I think the market will eat AAPL alive when the phone comes out. Buy the rumor, sell the news. Everyone knows that... but rarely does anyone act accordingly. |
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