Tuesday, February 28, 2006

AAPL - Short

AAPL short on break of consolidation triangle on the 5 minute chart. Just tightened stop to $70.05

Update 2:21 - stop tightened to $69.30. AAPL has support in the $68.00-68.30 area

Update 2:54 - Covered 50 % of the position at $68.50. Stop tightened to $69.05

Update 3:26 - Tightened stop to $68. 57

Update 3:31 - Stopped out on balance of the trade. I will post this as the trade of the day later.

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