Tuesday, January 15, 2008

Apple keeps selling

Apple longs are in the house of pain after today. Not sure if it has presented a good buying opportunity or is going to correct into the 200-EMA. I didn't buy into any on Monday 'cause of the gap-up and lack of follow-through. There might be more down side to this stock over the course of the week and their earnings announcement next Tuesday should give us better footing. It's a tough call. They have the product lines, they have the cash, they have a promising future. The more it sells off though the more I want to buy into it.
I think the problem is that people don't know how great these products are unless they go mess around with them at a local Mac retail store. Check out all of the other macworld developments.
Here too.

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