Monday, January 10, 2011

How 'bout dem Apples?

Went to bed after seeing AAPL rise to 339 slide to 337+, then up to 340+. Woke up to see AAPL at just at 341+, then run to 343+ in the final 45 minutes of the session. As always, great entertainment but I have no skin in. Could not, would not pull the trigger. It's a bit late for this run. AAPL closed today at 342.45.

I'll see how the market responds to tomorrow's Verizon press conference. I say it's 60-40 that AAPL sells off on the "news". Then a run to 352 as earnings day nears. So I'm looking for a decent entry point, even as I've missed my opportunities at 332 and 339.

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