Site Meter The Lawyer Trader: Out of AAPL

Wednesday, June 3, 2009

Out of AAPL

I booked my profits in Apple today...a nice little 17% gain. The trade lasted about 2 months and I bought in at the $119.00 level. Here's today's chart with my entry and exit notations.Two things concern me with the Apple trade:

1. Everyone's in it, and
2. Volume has been shrinking.

I'm not saying Apple is about to tank, it could keep going up forever, but I'm not comfortable with it anymore. I might buy back into it after a nice dip or some bad news.

TLT

No comments: