Friday, November 16, 2007

An Apple a day ...

Bot AAPL @ 163.89
Daytrade only. AAPL earlier dropped to 159.33 and ran to 166.74, but a) I didn't want to risk a return to the downtrend, and b) I slept through most of it. At 163, almost half the gain from the low has been given back. The stock is down 42¢, hovering at 163.90. The market is up (DJ +53/0.41%, Nas +8/0.31%) for now, could be a selloff toward the close because of OE.

This is like watching your brother, who was stuck on a deserted island for a week, finally get some water and food to eat. He gorges on all the chicken he can for an hour, then pukes it all out and nearly passes out. Now he's somewhat alert again, and he's eating again, but a bit more slowly.

Eat, Apple, eat.

Still have my long-term position, too.

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