Hindsight can be so deceptive, but there's something going on in Apple.
• At the open, AAPL got as low as 165.24. Within 15 minutes, ran to 169.75.
• Sank to 165.46 at 10:00 am EST. Went back up to 168.42 by 10:10 am and clung to the 168 handle for several minutes.
More interesting low and high points during the day:
• 166.88 at 10:32 am. 169.59 at 11:18 am.
• 164.60 at 12:45 pm. 167.55 at 1:14 pm.
• 160.30 at 3:07 pm. 164.03 at 3:23 pm.
• 160.80 at 3:40 pm. 164.30 at 4:00 pm close.
All right, only Nostradamus would have nailed all of these low buy points and high sell points. He's dead. But by the third intra-day move by AAPL, I was convinced that this is the one stock worth daytrading. The volatility may not always be like this, but for now, there are worse things than being "stuck" with Apple stock at 160.
Daytrading Apple is not something I ever envisioned. I may never do it. But the first bite may lead to a profitable practice.
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