Apple Breaks $82, WOW!
Well, I don’t know what to say right now, it has been a wild run for Apple Computers (AAPL) shareholders like myself. After posting great earnings and surging past $80 the stock climbed to a high of $82.60 on 10/26. As the stock started stumbling back towards $78 all I heard was “Apple is going to fill the breakout gap”, “Apple is going to be a seller the rest of the year”, “Apple is going no where fast.” Well, After falling as low as $77.79 – I had a stop loss order at $70.75 that lucky for me didn’t get triggered – the stock has climbed back up and has rebroken $82 today.
Volume on the stock is closing in on 17 million now pretty quick, and we are set for a 2nd consecutive accumulation day. What we want to see is volume surpass the daily average of 26 million, but we will have to see what the last 1 hour and 31 minutes has in store for us. I laugh to myself now because I posted on Apple in my stock thread on the FIO stock forums and called it going to $86 when it broke $82 for the first time. I didn’t forsee a short term dip below $78 at the time, and who knows where we will end up at the year’s end. As always,
Happy Hunting!
