Friday, December 11, 2009

Oil and AAPL

The only play i can see here is Oil. If the dollar falters then all commodities oil, silver, and gold should rally along with the market. The reason for looking at oil is that it is way oversold meaning more upside potential. Also Karen Finerman on fast money recommended it. Just kidding.

Anytime something moves down so fast most of time a correction bounce is in order.

Gonna lose some money on these puts at the open maybe they will give me a window to get out at a respectable price.

GOOG and AAPL were in the Wall Street Journal. They are becoming competitors in various areas. This is not good for the price for either one of these stocks. GOOG had a monopoly on search and AAPL wants a piece of the pie. Also AAPL had a nice semi monopoly on their smart phone and the DRIOD is doing really well. In addition AAPL is having serious problems with sales of the Iphone in China. The phone costs around $1176 dollars and the Wi-Fi cannot be used.

The trade for AAPL: If we get a break to $205 i will purchase the $200 march puts.

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