Tuesday, October 11, 2005

Dodged AAPL bullet

A follow up on my earlier AAPL post. The stock rallied today rather than pulling back. As a result I didn't see the risk premium I was hoping for to trade into the stock. This is shaping up to be an interesting story with a huge gap down that will be followed by AAPL's secret meeting tomorrow, which will in all likelihood move the stock big once again. I will sit the sidelines. This is too much whipsawing for my tastes.


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