10:54 AM ET ***AAPL @ 429*** [SHORT-SQUEEZE] -> AAPL 440 call that expires at the end of the week and closed at .81 on Friday, traded as low as .63 this morning and as high as 1.52; currently is at 1.08, literally a daytrade that one could've doubled up on during amateur-hour! Look for another entry point around here if you're running with the bulls!
Thing about it is that AAPL broke Friday's high this morning; it's in an uptrend, but it has encountered resistance at 431.46 which is around a 61.8% Fibonacci retracement. I personally believe that institutions are accumulating the hell out of the stock and/or covering their shorts that worked so well during the past 3 quarters, a likely intelligent decision before earnings are reported on Monday. With Foxconn blowing out earnings last week and the media staying hush hush on any good news about Apple, I would say it's time to buy and I would expect a short squeeze to occur once the strength returns to the market which is currently flat on the session.
For apple to have been up 1% in a market that is literally flat speaks volumes. And for a good laugh, go read the yahoo finance message board for AAPL. Apparently there's a lot of interested parties in covering positions before the 50 day MA goes by the waist-side!
HI-HO SILVER !!!
