Monday, January 30, 2012

AAPL: Projections for a Potential Top

I don't know what kind of odds to lay on this working out, but I have a confluence of price projections pointing to the 470 to 475 area as a potential top in AAPL. Not sure about THE top, but I think a reasonable chance of an intermediate top. Strategy would be to step in front of the freight train at 470 to sell short or buy puts and stop out if AAPL closes above 482.

Kim Rice 1/30/12

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