I really don't know what to say about AAPL that hasn't already been said by all the pundits and bloggers out there. So I will just say that taking something off the table is never a bad thing. Talking to another poster this morning, we kind of both agreed to sell our AAPL calls in thirds and I plan to take my 1st third off the table before 2 pm (not wanting to risk the tape after the FED minutes). I think AAPL still goes higher, but we are way beyond overbought with AAPL at this point.
In addition, I sold 20% of my GRMN calls this morning (just short of $112). I was so over weighted with GRMN, that I had to take some profits. GRMN will go higher still, but I definitely could not risk all the funds I put down on GRMN on last week’s pullback for what may be a "bird in the bush".
In addition, I sold 20% of my GRMN calls this morning (just short of $112). I was so over weighted with GRMN, that I had to take some profits. GRMN will go higher still, but I definitely could not risk all the funds I put down on GRMN on last week’s pullback for what may be a "bird in the bush".
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