Thursday, April 25, 2013

Bears Running Out of Room In AAPL

AAPL has now come into a value area where establishing long positions is a better option than being short.  It will now begin to retrace some of the declines made over the last several months but will be disappoint the koolaid bulls and have to become a great stock fairly priced.  Buyers will be able to establish longs between 385 and 420.  Having been bearish for sometime, those late to the party may trot out the 300 target, but they should have sold it long ago.