Don’t forget this week’s Live Q&A Chat at 2pm EST at https://tradingwithcody.com/chat. Today, let’s do a special edition of the chat focusing on individual stocks. You been looking at or already own a stock and want me opinion on it? Come ask me today at 2pm or email me your question by hitting reply and/or emailing support@tradingwithcody.com.
Latest Cody Underground Podcast: Top 5 Causes of All These Bubbles (Or Top 5 Factors Oppressing You) https://soundcloud.com/cody-wi…
Apple down 4% after getting up to nearly $104 yesterday. Why? As I wrote two weeks ago: “I wouldn’t be shocked to see it pop a few more percentage points to maybe $104-105 or so and then flip back and filet all the newfound Apple-stock-lovers. Be patient on the $AAPL one for now.”
And there’s still too much love for and focus on $AAPL right now, as the cycle plays out as I’d laid out two weeks ago. Headlines on Marketwatch right now: “Latest Samsung device spooks Apple investors. How to get the new iPhone 6 for free — or better. Apple denies iCloud breachWhat Apple investors are most interested in. How phone sizes changed ahead of iPhone 6. iPhone screen as big as a TV set (24/7 Wall St.). Apple needs to get pricing right on the iWatch from Day 1”
I’d consider myself short-term bearish on $AAPL. But long-term bullish and still very long $AAPL as I have been for more than 10 years.
I’m doing work on Whole Foods as a long paired up with a McDonald’s short. Any thoughts from you read TradingWithCody.com susbscribers?
Back with more in a bit.