Hi All,

I believe that AAPL is closing in on a serious resistance level and will pull back dramatically over the next few weeks.  Here's why

1. Apple has been going up for 6 straight months without a reprieve.  The last down month was back in February and that was after a 2 month rise.  As most know, stocks don't move in one direction forever, so after 6 months, i believe this one will need a break
2. In the past two years, Apple has reached these current levels two other times, once in November of 2007, and then again in April/May of 2008 and both times it has retraced about 40%.  I don't know if we will see that large a decrease this time, but I do believe we will see at least a 15-25% percent retrace
3. Since September of 2008 Apple's monthly volume has been decreasing as it has been going up.  This means that there may not be enough buyers out there to keep this move sustained, and buyers who came in when the stock was around $100 will be looking to take profit as they approach doubles on their positions.

These are my thoughts on AAPL, and that is why I have a short position at $190, with a target of $150 and a stop at $210.  Please let me know what you think?

 Rahim

 You're risking

annihilation

going against AAPL.

Even though I wouldn't touch it because it's so expensive, considering it's reporting on Monday,

I'd say you have a tiger by the tail. Watch out for the claws and teeth.

AAPL and HPQ are both going considerably higher, soon.

210 will happen long before 150,160,170.

Just my thoughts but I wish you well. Been an Apple hater for long enough to know that being an Apple hater has always been a loser trade

Its a good stock.

What were market conditions in Nov/07 and Apr/08?  Blackberry would have had a stronghold on the cell phones, but Ipods were still in demand.  Now I'm seeing iPhones starting to hit the masses - it's not just innovators purchasing the iPhones now.  Leading into the holiday buying season, will iPhone sales surge?  I'm curious to know what you think.

I strongly suspect you'll hit your stop next week. As RIM fails, AAPL wins. Watch their positive earnings surpise and the optimists will have a field day.I can't imagine shorting a successful tech company right now!

 Wellll....so far he's doing alright and some are saying there's going to be a glitch with iphone sales

Part of the picture of course will be what kind of day we have Monday and Tuesday

It could possibly decline both days.

I'd be working with fairly tight stops on this wildcat.

He could end up looking like a genius

 I've heard through the grapevine that tech stocks may finally rebound and surge toward their pre-meltdown levels.

 Update:  Thanks all for your views and comments.  These diverse views are what truly makes up a market!  AAPL reported earnings and they seem to be good.  Still have my stop at $210 and see if AAPL can push this barrier.  $200 is a big number, and I still believe we will see a retrace in Apple, it's now simply a question of at what point?

 You may hit your stop Tuesday. Currently at 202 in after-hours trading. (Glad I bought at the open this morning!)

 Just here to repeat the latest $202.40 quote.

I wouldn't be surprised at all to see this go over your stop on Tuesday. (providing it's another up day)

I should have another good day as silver is currently almost $18 and gold is close to $1070.

I played AAPL in the updown.com game as they give you a million to work with.

I've made a bundle on that so far.  

 Apple up in premarket trading.

Apple target raised to $280!!!

 pulled back a bit this morning, but I think a steady climb today and maybe all week if the broad market climbs.