Friday, November 16, 2007

170 is a longshot for today, but ...

... you never know! I put in a sell (AH) for the Apple daytrade shares at 170. AAPL closed the session at 166.32, huge move in the final 20 minutes from 164. I would like to hold the shares into Monday, but I put in the AH sell as a hedge in case it runs even more here. If it does somehow go to 170, I would expect a cheaper entry point sometime on Monday. I tend to think AAPL and RIMM will bounce big on Monday now that OE is over, but history shows that the Monday after OE is not a guarantee of a up market. If I get the sell at 170, no complaints or whining whatsoever with a $6 plus profit/share.

If AAPL doesn't hit 170 AH, I'm content to hold.

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