Shares & Derivatives
Profit taking on Apple
By The Journalist  •  July 27, 2011


As mentioned in my previous post, we would like to liquidate most of our positions now due to the uncertainty regarding the near future.

Looking at the Apple chart above, the stock price has now hit the resistance level of the channel. Any further upside potential in the near future should be limited. We like the idea of taking our profits and holding out for a better period to enter.

Sell Apple @ US$399.99

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By The Journalist
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