Apple Inc (AAPL)

[cotton]

ljk, a year or so ago when I was shorting AAPL you quite handily took me to task for having a "grudge" against AAPL. Yada. Yada. Yada.

I got the ride from $54 to $28 faster then you can blink your eye. M-L got burned by SJ that time, too, but kissed and made up with SJ when AAPL was at $12 with a new iTunes story to sell.

You only got hit for a couple of dollars here. SJ lost credibility with me on Sept. 28, 2000. Looks like you now understand.

Paper advised caution the other day when he said the stochastics were turning down. Looks like Baldrick took some action on that call.

Sorry you took a hit, but you have been around long enough to know that holding AAPL into earnings or after the trumped up MacWorlds and WWDCs hoopla hits, it is time to sell.

Looks like you took my 2nd exit strategy option. Now you wait:

http://www.investorshub.com/boards/read_msg.asp?message_id=3417260

"Will AAPL hit $39? Good chance. M-L wants it to happen it seems like. It seems like a way for M-L to unload some of the "$10" stock M-L prolly owns ("Apple is going to $39. Here, we will sell you some of the AAPL we own".).

Exit srtateragy? Don't chase it. If it pulls back to support, take a chance. If it gets to $39---get out.

And if it does not pull back: "Look, Jane. See AAPL run? Goodbye, APPL, goodbye".

2nd exit strategy: Get in now. Chase it. Hope it does not pull back after WWDC and make you grind your teeth while you wait."
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At this time, I would like to alter my 1st exit strategy. The part about buying if it pulls back to support. Forget jumping on AAPL at $30. Matter of fact, forget the price and think in terms of time for awhile. No iMacs till Sept. I'd wait until I see the "whites of their eyes". Although $25 might be tempting.