Happy New Year to you all .
DONT SAY I DIDNT WARN YOU
OK down to business ...first lets look at Apple...
The reasons why I say that APPL could and will loose 40% of its value.
Its launch of its Ipad 3 version will be a disaster, from software issues ,lawsuits to supplying components delays.
As they are looking to launch it on the birth date of Steve Jobs its only adding fuel to the fire.
Come end of April if the stock hasn't lost 20% of its value there will be something wrong with either my work or something else in play..
To put it simple I cant see this stock trading above $300 come end of April.
In say that there is also pockets where the stock will rally leading up to it until the details come out about its lack of innovation.
Once the stock become tainted its all over .
Similar with Netflix stocks tainted and will never recover.
I took $400 as a number where I think a short can be established but there is still plenty of time to establish positions.
In the options once again I am looking at Puts 350 July if I can bid for those under $10 great if not will wait there is always tomorrow.
In the market while I have no positions yet I am looking to be a buyer after the first hour or 2 today on the market.
The massive gap up needs to be covered some what and for that reason I am prepared to wait..
Everything else at the present time I don't have much.
This year once I obtain a positions I will display both profit and losses and stops on also as many have requested it..
I will only trade up on 1 lot ..
cheers and good luck for the year ahead
DONT SAY I DIDNT WARN YOU
OK down to business ...first lets look at Apple...
The reasons why I say that APPL could and will loose 40% of its value.
Its launch of its Ipad 3 version will be a disaster, from software issues ,lawsuits to supplying components delays.
As they are looking to launch it on the birth date of Steve Jobs its only adding fuel to the fire.
Come end of April if the stock hasn't lost 20% of its value there will be something wrong with either my work or something else in play..
To put it simple I cant see this stock trading above $300 come end of April.
In say that there is also pockets where the stock will rally leading up to it until the details come out about its lack of innovation.
Once the stock become tainted its all over .
Similar with Netflix stocks tainted and will never recover.
I took $400 as a number where I think a short can be established but there is still plenty of time to establish positions.
In the options once again I am looking at Puts 350 July if I can bid for those under $10 great if not will wait there is always tomorrow.
In the market while I have no positions yet I am looking to be a buyer after the first hour or 2 today on the market.
The massive gap up needs to be covered some what and for that reason I am prepared to wait..
Everything else at the present time I don't have much.
This year once I obtain a positions I will display both profit and losses and stops on also as many have requested it..
I will only trade up on 1 lot ..
cheers and good luck for the year ahead
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