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The Deipnosophist

Where the science of investing becomes an art of living

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Location: Summerlin, Nevada, United States

A private investor for 20+ years, I manage private portfolios and write about investing. You can read my market musings on three different sites: 1) The Deipnosophist, dedicated to teaching the market's processes and mechanics; 2) Investment Poetry, a subscription site dedicated to real time investment recommendations; and 3) Seeking Alpha, a combination of the other two sites with a mix of reprints from this site and all-original content. See you here, there, or the other site!

13 April 2005

Apple/AAPL

I have previously and copiously warned, both publicly and privately, re the pattern of Apple/AAPL.

Well, it now appears the inflection point is baked into the cake, especially in light of the reversal day, Monday (2 days ago). Because earnings will be released before the markets open tomorrow, it will be no surprise to see the shares gap big on that news, in one direction or the other.

My bet, however, is a big move down. A breach of critical support (~$38) could usher in tests of $35, and then $30... Wait; I now realize I repeat myself. So I will stop prattling.

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