I'll be watching both GOOG and AAPL for shorting opportunities as their technicals are pointing toward a downward move. I feel that I want to wait till after the New Year, though, before I enter any swing trade positions. I'll try and post more info on these two stocks soon.
One note on AAPL: Back in 2007, AAPL showed some similar price movements and technical indications to the downside right after the Christmas holiday. It then moved 36% to the downside in the first 14 days of trading in 2008...
US Oil (USO) is also setting up very nice for a move to the downside. It is trading at $38.84 with potential to move down to $36. I'll wait till after the new year on this one too...
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As of now, AAPL is the only one of these I am still considering for a short.
ReplyDeleteI am now Short AAPL at $214.47
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