Today was the day after earnings. The stock jumped up about 10%. Missed opportunity? Hell no! Rule #1 says never be in the stock market, when it is closed.
Apple has been getting rocked for awhile. After hours trading yesterday showed that the stock was going to head up after earnings.
The thing here is that the economy still sucks and Apple tends to follow the market.
I was expecting the stock to do a jump within a few minutes of open and then come back down. My reasoning here was that this is the first serious good news that apple has had, so people are going to want to buy. Buying causes the price to go up and not everyone is up at the exact minute of 6:30am, so normally you can get the best price right on that second.
10/22/2008 AAPL COVER 100 $97.88
10/22/2008 AAPL SHORT 100 $99.0001
10/22/2008 AAPL SOLD 100 $98.35
10/22/2008 AAPL BOUGHT 100 $97.27
GAIN: $220.01
No comments:
Post a Comment