2. APPLE INCORPORATED (Ticker: APPL)
Bearish Outlook
A few weeks ago. I issued a statement that APPLE Inc. is BEARISH and I will be closing my Bullish positions. Nothing has
changed my view is still negative…….the BEAR will claw back her ounce of flesh. Take note I expect prices to have a
temporary “Bullish Recovery” in the near future before resuming the journey lower to about $100 . Hence, I have
closed 90% of my “SHORT” positions (31 July 2015) retaining a risk free 10% “floating stake” which will close at break
even at 126.60. (all SHORT positions are geared 1:100)
Entry Date Entry Price (Short/Bullish) Exit Date Exit Price P/L (US$)
27 Feb 2015 (B) 128.80 29 April 2015 130.50 +1.70
16 April 2015 (S) 126.60 31 July 2015 121.40 +5.20
29 April 2015 (S) 130.40 31 July 2015 121.40 +9.00