Friday, January 29, 2010

AAPL's Getting Crushed Today.....

This is what happens to AAPL every time the Naz corrects more than 5%. If you've owned AAPL more than 18 months this shouldn't be a surprise.

All near term stops get taken out; then once the shorts get aggressive or we move way past the bulk of option open interest, we mysteriously stop dropping and the stock will rise even given bad news.

Again, people that still don't think we need an uptick rule or rules against naked shorting don't trade individual stocks........

long AAPL

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