Wednesday, September 27, 2006

Trade of the Day - Apple Computer Inc. NASDAQ: (AAPL)

All the hype on CNBC this morning was making me nauseous so as soon as the durable orders came in surprisingly low, I decided to take a short position. I had to go with AAPL because of liquidity at that hour of pre-market. My stop was the pre-market high which was 50 cents away (ouch), so I was praying as I clicked my mouse on the entry. Except for some choppiness on the open, the trade went according to plan and paid off nicely, coming within pennies of my $76.00 target. High Risk and only recommended for people who are tired of hearing that "bad news is good news".

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