As history shows, AAPL always undercuts Q2 guidance. and in this market, the stock pays big time. Anyway, i was too embarrassed that i even placed a call position(Feb200 yeah right!?) in my last posting... i just didnt see any reason to be bullish, so the sympathy trade cost me $107.
Tomorrow will feel the AAPL effect... no FED cut will bail out bad earnings or guidance... MOT & SYMC both will likely report terrible guidance. MOT is already feeling the heat from BBerrys & iPhones. For SYMC, if no one is selling enough PCs, then no oneʻs buying your useless software.
This band-aide approach by the FED will mean more red ahead... hey that rhymes!
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Hey, good move on aapl! I tried buying puts at 160... But so expensive! But don't feel bad on the calls.. That's basically a stranggle, and you want the calls to go to $0... That's y in my setup I had 80percent bias on the put side. Then again, I think I said aapl needs to fall 30 points... If u count todays fall, its pretty close. Now I'm feeling better that my rimm calls didn't fill.
I got my trades lined up for tomorrow... I think we get a nice pOp. IF SO....
SHORT: FXP, LULU, SPWR, DRYS DECK
LONG: AKS, UA, JASO, FXI
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