AAPL is going down like a girl during prom

Sometimes when watching a stock you get a feeling like it should be doing something even though it doesn’t look like current it’s going to. This is hard to explain if you don’t know what I’m talking about. Let me try though. I’ll explain myself, then I will over-explain.

I have a friend that is in a relationship with a leech. She just uses him for his money and he uses her for .. well, what all guys would use women for. Anyway, everyone can tell that their relationship is doomed, but I don’t think that it is. All of our friends things that the relationship is doomed because they are both just using each other, but that’s what I think makes their relationship actually work.

AAPL is a good company that has reported some great earnings and new products. A new operating system. And the commercials are pretty entertaining (I even stopped fast-forwarding through them if they aren’t repeats). But that’s where a lot of the happy feelings end.

I’m pretty sure that AAPL has reached a plateau here. Ya, there’s a little more room for them to move, but not a lot. The reason is, well, I just feel it. Now in the past AAPL has definitely taken money from me (more on puts than calls). This is going to be a totally non-revenge trade though. I’ve been in contact with friends that trade more professionally than I do, a friend that works someplace that would have some very good knowledge on things within Apple, and finally a magic coin that I flip before choosing to buy or sell a position.

The stars have aligned. The future is clear. AAPL will make me a thousand dollars with my one position.

Bought:
AAPL Apr08 $155 put (APVPK), 1 @ $10.60
stock price entered $180.51

Here’s an interesting read: http://aapl.bloggingstocks.com/

Another trader believing that AAPL is ready for a fall: http://www.boogster.net/blog/