The 354.47 rally target sent out last week ahead of a powerful rally enabled subscribers to get short just 30 cents from the top of Thursday’s hellish plunge. Several of you reported using put options, but I will track the remainder of the position using stock. Profit taking intervals advised in the chat room were at 348.50 and 340.41, leaving a hundred shares short with an effective cost basis of 380.47. The implied gain on paper works out to $4457 at a current price of 335.90. For now, use a stop-loss of 351.07, but check back toward the end of the day for a possible update ahead of the weekend. _______ UPDATE (June 14, 10:20 p.m.): My immediate downside target is 332.22 (30-min, a=351.06 on 6/11). Bid 332.70 to cover the remaining 100 shares (or last 25% of the of the original position), but also bring the stop-loss down to 342.74 if AAPL trades below 336.22.
AAPL – Apple Computer (Last:338.40)
