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2 Comments
I think there will be lot of good news out of AAPL due to tax dollar repatriation and lower tax rates. So in this environment, I say AAPL will hold the $160 level and to your point, at least a few months longer.
mykie
long apple and just entered a spread with $160 being my owned call.
Hey Michael, thanks for your comment.
So far it looks like this downtrend is continuing and AAPL is still in a Bearish PayDay Cycle so any short term long trade is still very risky. I’m going to wait until a confirmed bottom is in place.