Friday, August 16, 2013

AAPL update

This Einhorn-induced euphoria on AAPL may not last since a 1B stake in a 400B company does not amount to much.  So I took profits on many of my AAPL puts for now (eg. sold at 68, bought back at 28).  May get back later if AAPL goes down temporarily with the rest of the market and when Einhorn gets his nose stubbed, since I remain bullish for the long term with a price target of 600+
For now, I want to stay out the rink to avoid being crushed by the gorillas, that is all.

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