Apple Inc (AAPL): Not quite, but near high of day on a ver...

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ZombieSecurityAgent

Re: T.P.G. INVESTMENTS post# 109743

Thursday, 10/23/2014 4:06:10 PM

Thursday, October 23, 2014 4:06:10 PM

Not quite, but near high of day on a very good day and near all time high is very bullish in my view. Let's see if AAPL can pull a new all time high again tomorrow. I think much of this churning are the hedgies encouraging profit taking so they can accumulate. I'm not a huge Icahn fan but, his hedgies being underweight theory does make some sense. Also, lots of chatter about "buy back Friday". I don't know if that theory holds water,, but if it does, that's even more upward pressure.

Now a sobering thought. Rarely does anything go straight up without some pull back. When and at what price that happens is anyone's guess. Apple is a slippery read. Nevertheless I think the mid term and long term trend is still up.

Just my opinion and best of luck.

Let's keep it civil and understand that this is a forum of mostly amateur opinions. I am not here to give advice or argue. The best way to get rid of trolls is by using the ignore feature. And if you don't like what I say feel free to ignore me. Thanx.