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Calls To Avoid AAPL, WLT and GS - Bingo

May 19, 2008 11:55 PM

I should have called the short on AAPL, my bad. I must be getting soft in my “old age”. I saw the short, had the number, but thought the Appleheads may try and pierce it in a lifting market. They couldn’t and down over $4.00 today and down over $5.00 today from the high. It really was an easy risk/reward trade, so I aplogize for not being more aggressive as it really was a gift to short it.

 As far as Walter Industries, it was merely a “hunch” that it was extended, over hyped, and way over valued. Bingo, down over 4.00 also. Unfortunately, it did not make a new high and then sell down, so i still cannot call a short here. The trade will be long, I am just not certain where yet. And i am NOT a fan of the valuation.

Goldman traded as high as $189.42 today and quickly sold off to close at $184.40.

But I was correct on all three. Just “lucky” yet  once again apparently since charts do not matter…., so you are welcome, lol.

Do you not yet see the market players do not guess? There are hundreds of millions of dollars trading - they do NOT guess. Joe Public guesses and hopes, professionals don’t. I am trying to provide clues here…. please follow along…

Written by Tom@StockBlade.com · Filed Under AAPL, GS, WLT, XLF 

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