Raise your hand if you were sure

that AAPL would F-L-O-P!

Strickly a huntch I put a virtual trade in for AAPL to go down. Using the fact there was nothing leaked about anything new.

Bought 3 PUT 450 Contracts @ $9.95 sold @ $15.95 about a $1,800.00 profit.

Didn't trade anything today because this market was so NUTS as far as I was concerned so just did virtuals. Now after seeing these profits... but still would not have put any real money on the line....

I had a hunch. They are not going anywhere until they announce some new hardware(not software).

It will be a long time IMHO before AAPL sees $500. Lots of resistance @ $450/$460.

Use regression line offered on most charts @ 5/7/3 and drag to todays candle on daily. Center line of regression line is a trend line. Use othe top and botom line as shown by GW as Ocean Tide trade. These are the ranges this stock could move in.

My mentor who made hundreds of thousands of dollars off AAPL really thinks it will run up in the fall/winter zone. He is planning to go in on very large positions during that zone. He thinks AAPL has seen it's bottom. He wants to see AAPL drop more during the summer zone. He feels the more it drops now, the bigger run it will have in the fall/winter. He has indirectly encouraged me to go in big on AAPL in September. I do not trade based on what someone else is doing. I learn from others, but I will never go into a trade because someone says, "Buy it, buy it!" I trust my research and training only. I listen and watch, but if I see a trade, that meets my criteria, I will trade it.

I concur with your mentor