Wednesday, January 25, 2012

AAPL

The chart below is all you need to know. I don't see a breakout happening for the stock. I am sure AAPL is a great company but it's market cap is 1/2 a trillion $. That is all you need to know. Apple is an awesome company but the awesomeness won't always translate into the $ for stock holders. I don't know about long term, but short term this ticker topped right here. Use a 4% stop, just in case this is a break out.

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