Friday, January 4, 2008

Interesting AAPL Program Buy Area

I have referenced on a number of occasions that AAPL has consistently retraced back to its 61.8% Fib number before bouncing again. This Fib number was $187.95 and the bounce happened at $188.00. I went long AAPL Jan190 calls in the last 20 minutes, hoping that the bulls can put something together this afternoon. This has a tight stop, but AAPL is being defended and my AMZN puts still hedge this.

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