AAPL – Apple Computer (Last:249.66)

I mentioned here earlier that Apple’s churn since last spring is an oddity, considering the company’s world-beating performance as an innovator and marketer of consumer electronics. Let’s actualize this observation with a modest speculation, offering 200 shares short at 259.04 (a Hidden Pivot midpoint off the hourly chart, where A=240.01 on 7/20), stop 259.21, good through Friday. ____ UPDATE: Cancel the trade, since AAPL has gone too flaccid and boring to care about at the moment.