Do i need to tell you? Buy AAPL!!!!!!!!!!
Buy AAPL @ 74.20
Once it takes out 75 (which should be easy), it will be on its way to retest 86.
AAPL will lead the next tech rally. Forget DELL, which i think is a real pos.
1st target: 75
2nd target: 86
3rd target: 100 & beyond
If you don't have alot of cash, you can buy the October 65 call option. I wouldn't buy too much though because October isn't a good month.
Once it takes out 75 (which should be easy), it will be on its way to retest 86.
AAPL will lead the next tech rally. Forget DELL, which i think is a real pos.
1st target: 75
2nd target: 86
3rd target: 100 & beyond
If you don't have alot of cash, you can buy the October 65 call option. I wouldn't buy too much though because October isn't a good month.
posted by beanie11111 | 1:19 AM
8 Comments:
You didn't buy some VLO with us 2 days ago? What can i say?
Check this out: http://biz.yahoo.com/ap/060914/oil_prices.html?.v=3
What? You don't own XMSR like we recommended? You be mad now!
I still like VLO alot.
XMSR is hot! You still want to hold it. $15 is only a step away.
Pennystock lovers: SFTV is for you.
VLO is a good buy here if you don't have any.
I don't think VLO will head lower than $49. It has very good support at $50. The oils are so unbelievably oversold in the short term that a reversal should be inevitable. Unfortunately for oil players, i believe oil prices will drop next year. I've always believed that the oil run we had were the work of oil speculators, not so much the world supply of oil. Oil to $100? Give me a break! If oil gets to $100 anytime soon, we are finito as a society. It will drastically change the way we live. Our politicians simply won't let that happen. We'll go to war first before that happens! (imo)
Our economy simply cannot survive with gasoline above $3/gallon. Consumers cannot take the pain that much longer. Many consumers can feel the pain at the pump, even around $3/gallon. Their mortgages are also killing them. Been to the grocery store lately? The cost of fruits and veggies are skyrocketing.
As far as market is concerned, we are hitting a huge resistance right now. Hence we are getting some downward pressure today. The only way we gonna take out that resistance is if the Fed says something absolutely suprisingly great. We are definately at a crossroads right now. We either go really high 4th quarter, or we will retest the May/June lows. If you don't want to take the risk, i suggest you not own anything next week. Next thursday and friday will definately give us an idea where we're headed.
I have a feeling we will go down after the fed meeting. I hope i'm wrong about it. If we go down, you can pretty much short anything that has run up the last couple of weeks.
Two weeks after the fed meeting we will start earnings season. If we go down after fed meeting, earnings season will likely be brutal to companies that don't impress the street.
For me, i will probably sell half my long positions by the close of tomorrow, whether the market goes higher or not.
I think oil prices will head higher tomorrow. VLO should go higher as well. Pull up the 5 day chart on VLO. Are you seeing support? I see it. I would buy VLO on any premarket or morning dip.
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