Apple Inc (AAPL)

[steved_45]

I covered my puts after the pps didn't move in the wake of the no dividend news yesterday. Seems like this is going to go up a couple bucks a day until it hits $600. AAPL is the 1% of stocks that didn't retrace after that blow out day last week.

AAPL's current trend is unprecedented with respect to AAPL price history so I'm going to wait to buy puts/calls until we see another technical indicator get set off.

For now, I see no reason to think this will revert back to the 50day MA unless something significant occurs. I do think there is a possibility that we plateau out and wait for the 50MA to catch up like what happened a couple months ago. If we break through the all-time intra-day high we hit last week, this should easily go to $550 and $575 w/in a couple weeks of breaking past that resistance.

GLTU