By Sell Puts
One would be a fool to think Jobs' liver transplant is positive news for Apple investors. THis news, basically in a odd way of thinking reveals Apple lied about the true condition and severity of Job's condition. Whatever really i say, i think the Apple ride has peaked for the short term. Longer term viability probably will not be as affected. Given the current market trend and particular overall sentiment change this could spell disaster for Apple's stock price. I'm sure longer term investors were pissed off about the news. Liver transplants are serious things and now forever Job's will have a wild card attached to his tenure, uncertainty is not good for business, especially regarding top level brass. So yes, you can say i am bearish Apple short term.
The chart on the left is one of OIH, this is the Oil Service Holders trust ETF which is showing signs of Oil topping. Notice the trend inside the red circles, they show upward thrust of buying followed by a period of volatility, we are entering these waters. The Mideast conflicts on the contrary side of the trade could halt a decline. Its a traders market, keep this on the radar, maybe dip a bit short and look for a momentum trade. IMO.
Bearish news:
Oil is falling off, inventories up
The Job's liver story
THe Fed is giving up in the short term
FTC now looking for blogger disclosure on conflicts of interest
Drumbeat: June 2, 2012
5 hours ago
