AAPL Apple Inc (92.78)

The current, frenzied leap shows promise of developing into a great short, since nothing that has been driving APPL relentlessly lower in recent months will have changed because of the Citigroup charade. My target is 98.99, so keep your bulletin launcher on, or tune to the chat room, if you’d like to lay ’em out near a potential top. I’ll probably recommend naked-shorting a near-the-money call, but there will be an alternative for subscribers who’d prefer another route. I don’t say a “less risky” route because sometimes taking a naked short position in puts/calls is less risky than buying them. _______ UPDATE: Apple took its obligatory bounce, but it wasn’t nearly strong enough to get us short at our target. We’ll likely have to settle for less if we’re going to get a piece of the stock’s fall to $70 or lower.