Monday, October 18, 2010

Covered AAPL ,bought VMW @ $78.05..EOM

9 comments:

Michael said...

Hello Saleem,

Did you sell VMW? Why it was down so much when it beats top and bottom and guides higher?

Michael

Stocks100 said...

Hi Michael,

Yes...I sold VMW....

Reaction to ER does not make any sense....

Saleem

Anonymous said...

Hi Saleem,

Bought VMW @ 72.50. AAPL took it down.

Michael said...

Saleem,

You were right about AAPL. I wonder why you changed in the last minute?

Michael

Stocks100 said...

Hi Michael,

I almost broke even on my short when it dipped in red.....felt analyst will pump AAPL to keep it above $310....so not much benefit to tie up capital....

Saleem

Michael said...

Saleem,

Your analysis on AAPL were excellent and correct. Thanks for your note otherwise I did not sell at $315.8.

Will you buy AAPL at this level or you will wait until it settles down? Thanks.


Michael

Stocks100 said...

Hi Michael,

Based on price action today..i would be looking @ BIDU..AAPL may need a rest to base a little.

Saleem

madmax said...

Saleem
wow what a take down on APPLE

IMHO we go up

wait and see
IBM is a good bet as is some Citi
good luck to all

Stocks100 said...

Hi Madmax,

AAPL will be fine after base building.

Banks are mixed bag....

Tuesday will be bad for market....

Saleem