Comments on: Apple Inc. Bullish Reversal Opportunity http://streetsmartoptions.com/apple-inc-bullish-reversal-opportunity/ Trading for profits not for excitement. Be better traders not gamblers. Be smart and not to be misled. Tue, 06 Jan 2009 08:07:50 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Ronald Lee http://streetsmartoptions.com/apple-inc-bullish-reversal-opportunity/comment-page-1/#comment-439 Ronald Lee Wed, 13 Aug 2008 00:15:44 +0000 http://streetsmartoptions.com/?p=339#comment-439 Thanks for reminding me, you are right, I took the risk. It is rightfully mine. Thanks for reminding me, you are right, I took the risk. It is rightfully mine.

]]> By: Mark Wolfinger http://streetsmartoptions.com/apple-inc-bullish-reversal-opportunity/comment-page-1/#comment-438 Mark Wolfinger Tue, 12 Aug 2008 12:21:26 +0000 http://streetsmartoptions.com/?p=339#comment-438 " This time I can be greedy as I have $1050.00 market’s money with me. " It's fine to be greedy next time, but please recognize that you don't have the 'market's money' with you. That's your money. You took the risk, you earned the profit. It's yours. Mark ” This time I can be greedy as I have $1050.00 market’s money with me. ”

It’s fine to be greedy next time, but please recognize that you don’t have the ‘market’s money’ with you. That’s your money. You took the risk, you earned the profit. It’s yours.

Mark

]]> By: Ronald Lee http://streetsmartoptions.com/apple-inc-bullish-reversal-opportunity/comment-page-1/#comment-437 Ronald Lee Tue, 12 Aug 2008 05:48:21 +0000 http://streetsmartoptions.com/?p=339#comment-437 From the chart it is very obvious that there is a strong resistance at 180-185 levels but in the mean time I have already taken my money off the table. As no one can be sure if Apple is strong enough to break through that psychology level, that's the reason I reckon with a Bull Call Spread instead, should it fall back after hitting the resistance, the losses would not have been as bad as buying a straight shot. Moreover it can be easier to covert into a credit spread and be profitable again. From the chart it is very obvious that there is a strong resistance at 180-185 levels but in the mean time I have already taken my money off the table.
As no one can be sure if Apple is strong enough to break through that psychology level, that’s the reason I reckon with a Bull Call Spread instead, should it fall back after hitting the resistance, the losses would not have been as bad as buying a straight shot. Moreover it can be easier to covert into a credit spread and be profitable again.

]]> By: Option Trading Seminar http://streetsmartoptions.com/apple-inc-bullish-reversal-opportunity/comment-page-1/#comment-436 Option Trading Seminar Tue, 12 Aug 2008 05:06:02 +0000 http://streetsmartoptions.com/?p=339#comment-436 We will see AAPL reverse and head back down to the $150s. I'd consider buying puts if we get to the $180-185 range. We will see AAPL reverse and head back down to the $150s. I’d consider buying puts if we get to the $180-185 range.

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