Wednesday, July 22, 2009

Short some Apple


I am prepared to fade today's excitement with Apple, ticker AAPL as it bumps up against the top line of the drawn channel. Yes, I am fully aware that I am nuts as Apple is the bomb and shorting it is heresy.

I am short 1 unit of AAPL here at $158.25 with a stop at 162.11




Good speculating and remind them to please don't ever forget that "an investor is a speculator who made a mistake and will not admit it".


Open Positions:
Long 1 unit Ultrashort Real Estate ticker SRS @ $18.85 stop @ $17.84
Long 1 unit US Gold ticker UXG @ $3.05 stop @ $2.28
Short 2 units Wells Fargo ticker WFC @ $25.10 stop @ $26.26/27.41
Short 1 unit Apple ticker AAPL @ $158.15 stop @ $162.11

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