Oh Apple, You Used To Matter
- Posted by UpsideTrader
- on February 26th, 2014
Before the market got hot and everyone was waiting for the next big thing, $AAPL was in the cross hairs . We waited for something. Anything. But nothing happened. Maybe an egg shaped iPhone? I know I will piss you fanboys off, but I have always been right on this Microsoft clone. $GOOG is the answer if you want innovation, although I never trade it. Actually $GOOG is pretty boring when you take into consideration the moves that have been made in biotech.
$GOOG is boring…………..for now. Yes they do cool things. It’s all about making money in stocks.
I looked at my trading sheets for the first time in a while…in detail, and my money has all been made in biotech. For months now. They are getting overbought and I am short some $IBB just in case, against my longs. Technology has been second. The financials suck. I have no interest, although at some point the sector rotation will go back to them, I have no interest in buying an out of favor sector. I stay with the path of least resistance which is momentum. I don’t have the DNA to wait for things. “to work”. Mutual fund guys do. Crazy shit, I did buy some $WLT today. I figure 15 or zero. I’ll take 50% if I’m right with a stop just under 9. Only $APP models have been more abused than this this stock.
I love that the bears were getting short $TSLA on a rumor that they would raise money.. Well they did, and the stock still popped after market. Bull market shit. It makes no sense. Ride it.
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Good luck tomorrow.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.blog comments powered by Disqus