Wednesday, June 3, 2009

AAPL Remains Strong

AAPL remains strong, and many are thinking (hoping?) a sell-the-news 'event' is coming. I'm not so sure about that. Some smart people I'm reading are going out on a limb and stating that the $140+ area is a "no resistance" zone. Even a recent upgrade mentioned technical analysis, which is rare. Anyway, the iphone is still in its early days, AAPL's monster lead in flat screen touch technology will only get bigger and AAPL is still selling at exceedingly low levels of net cash.

long AAPL calls; looking to buy alot more

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