Friday, June 4, 2010

Juicy Green Apples for sale?

I keep wanting Apple below 260. It traded below 258 early today. It's been stuck below 260 for a long time (an hour?) now. So why don't I pull the trigger and start scaling in? After all, the market could tank 1,000 points and WWDC would still go on as scheduled next week. Apple will still make great products and Macheads would still clamor for a 4G iPhone, new and improved iPad and, and, and ...

Greed isn't just to the upside. Greed is also about wanting a great vehicle at a dirt cheap price. I'll probably wait until a selloff at the close to start scaling in. This might be a good time to do some laundry.

Then again, if the market tanks over the weekend, AAPL might be on sale in the 240s or 230s. Again. With this kind of volume, thin and fragile, it's entirely possible. Keeping my powder dry.

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