Tuesday, January 11, 2011

Short-term thoughts

Nothing goes up forever, and so AAPL is in the red. Finally.

At 342, that's still a sizable gain from 332 just days ago. My guess is AAPL pulls back to around 340 and consolidates for awhile before running to 352 (and selling off by earnings). If AAPL plunges super fast — stop-loss orders kick in — 337 or 333 are next. I still think AAPL goes to 352 even if it declines to 333 first.

No skin in, just opining here in frigid Honolulu (60 degrees, 4:55 am).

3:15 p.m.
Catching up a bit after being on the road part of the day. The official news and worst-kept secret in technology history: Verizon unveils version of Apple iPhone.

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