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The Oncoming Depression

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Tradingurus Forum Stock Trading Idividual Stocks A AAPL
Time to exit AAPL (1 viewing) (1) Guest
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Time to exit AAPL
by AutoTrader 6 Months, 1 Week ago
Guys, for those of you who entered AAPL in February/March at around 120 it may be time to exit.
I am short AAPL as of today (vertical put July 08 120/115) for a gamble and vertical put July 08 195/120 stopping out if the underlying breaks today's high.
The risk of this trade is 15% (if there is no gap up) for a capped reward of 75%.
The reason to go short is the bearish engulfing candle today, and that the rally from 120 was on decreasing volume.
We had bearish engulfing candles before, and the rally may continue, that's why I set the exit above todays high.
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Time to exit AAPL
AutoTrader 2008/05/14 18:25
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