Tuesday, August 13, 2013

The New Old AAPL & More

Here is a follow up review for some of the stocks that were reviewed earlier. One of them is AAPL. AAPL was on the verge of breaking out of the double bottom pattern. Today, AAPL made a move above the pivot near 472. Then later on the trading session, Icahn tweeted to let everyone know he has a sizable position on AAPL and he felt AAPL is very undervalued. This tweet has increased AAPL market cap by 25B (yes, with a 'B'). AAPL is currently trading like it use to trade...volatile with lot of buzz. This is the new 'old' AAPL.

The other one is NFLX. NFLX also broke out to the upside and could be making its move toward another all time high above the 300 level. FB finally gave some gains back today. MU also broken out and BBRY is becoming a be unstable and volatile.



Disclosure: Long AAPL, NFLX, BBRY, MU.


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