I've never been a big fan of the Apple growth story even though I really like their products. At USD 600/share, it really looks ripe for a short.
With competitors coming in fast and furious (Samsung S3), hardly any new product launches, and improving competitor technology, I think the current market capitalisation doesn't merit the reality in the tech scene we see today.
Last night I had an order to short AAPL at 600. The high of the day came at a whisker of the price at 599.96!
Maybe its a sign but I guess I'll keep the order there for one more day.
Must be the 4th of July rally in the USA!
Wednesday, July 04, 2012
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