If you’ve positions in Apple Inc., either stocks or “Call Option”, you should be celebrating by now especially if you noticed now the stock performed yesterday, Monday 8th Apr 2008. Never mind that the stock reversed its’ uptrend afternoon as it has jumped more than $10 bucks over the last five days. So it only makes sense for profit taking to emerge after the rally. Most importantly is whether you make any money out of it. I’ve mentioned how critical it was to pay attention to Apple Inc.’s (Nasdaq: AAPL, stock) last Friday and I hope FinanceTwitter readers who trade the U.S. stocks or options did put some time monitoring this stock.

Apple stock has climbed above 200-D Moving Average and the 50-D Moving Average is now history. The earning season has just started and if you take Alcoa Inc. disappointed earning announcement and Advanced Micro Devices Inc.’s surprise warning that its’ first-quarter sales were lower than expected across all business lines, it appears Apple Inc.’s rally could be disrupted with a slight hiccup.

Nevertheless analysts are calling “Buy” now although there’re equal numbers of them who think otherwise. You can’t blame the pessimism especially after the recent freefall from $200 to $115 in a mere two months period. Not everyone can take that type of heart-attack-experience, mind you. It’s a matter of risk management and early birds get the worms. Sometimes it’s fun and interesting to watch people flocking into the stock only to realize it’s too late as the early birds are preparing to sell.

That’s the strategy nowadays – to buy and sell on short-term basis since the U.S. economy is still in a mess. Did you notice that despite the so-called recession, the volatility of stocks is still very much intact and you could squeeze some money out of it? Sometimes it helps to not read too much into what other analysts are saying as it could confuse your decision-making’s process. And if you’re still burning the midnight oils wondering why the local Malaysia stock market is not recovering, you better spend more time on U.S. stocks.

Other Articles That May Interest You …

• Time to make money trading Apple stock, are you ready?
• Why you should use Limit Order when you’re undecided
• Fishing for the bottom? Don’t bother, just trade short term
• Apple Stock – 6 Reasons you should pay attention now
• Why You Should Look At 200-day MA before Investing

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April 8th, 2008 by financetwitter

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