Apple Inc (AAPL)

[top_professor]

I don't know, I thought for sure we would see $400's today, after the way it closed on Friday then the downgrade with Citi but the 2 million PR helped if not this would have been in the high $400's right now.

Citi comes out with a downgrade and apple made them look stupid. Regardless, this closes in red then I can see them trying to push this under $500. $498 is the number, next support is $480 and a big one at $460, if it does that low, I don't think it will last even at $480. How much can a stock take a beating, more Iphones will start selling in different countries, China numbers look good, companies are going to start using ipads for their employees. I know my company is looking to have the ipads for our sales team. Go to any starbucks and everyone has a macbook.

Numbers will be strong, not sure how much more of the tax selling there is. Right now, I don't see $500 breaking, it would have already bounced right back up, fiscall cliff news shouls come out either positive or fair, doubt the republicans are that stupid to not come to an agreement.

I covered my short in the am, still have my buy in at $480. If this breaks $500 then I will look to add for the earnings.