Tuesday, January 18, 2011

It is 9:59 am in Hawaii

The world hasn't melted or frozen or been invaded by aliens (that I know of). Steve Jobs is alive, Apple shares are almost back to normal and I'm still holding my position.

For now.

In one minute, my guess, AAPL's comeback from the opening price of 326 (down more than 22 bucks from the last session) will either survive the upcoming, final hour of the market ... or go into a sellers' tailspin that could send AAPL back to 335 or worse.

I never intended to hold my position into the final bell and earnings based on history: major selloffs after major runs. But today's action is gray-area stuff. Was the run from 326 to 341 (current) big enough to convince fundies to unload? It's a tough call.

And now it's 10:01.

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