Irrationally mad decision making to obtain the American Dream.

Posts tagged “rotten apples falling in downtrend

What else can I say? I think everyone had a miserable day in the markets today. AAPL & HLF down. Ouch.

I’ve been watching the DOW and it has been slowly turning upside down. I suppose today it threw-up some gains. I got smacked in the face with the ongoing Hacker news piece regarding Apple and Facebook. I sold out of my call options this morning when AAPL didn’t rally after its morning sell-out. I took a loss but not as bad as if I’d stayed in it and hoped for the best which I find even if I get out now I can get back in later at a better price and regain my lost. As for Herbal Life I should have gotten out of it after it didn’t rally – after 11am. Soon the positive earnings weren’t good enough. I didn’t see it turning over with the rest of the market. Around 1pm the market changed it’s position from buy to sell. HLF down -2pts is nothing good for me. I’m glad I had a small position and now will only have around 20 days to pray that Carl Icahn does a private buyout of HLF so the stock shoots up. It keeps hitting around $44-46. If it is 30-60% undervalued at under 10x earnings then I might be able to see the light again under all this heavy cold water pouring on top of me at the moment…I probably took a 25% hit on my account. On a positive note if the market finally does fall some it will be easy put options and I’ll just reverse my position on AAPL because it has the largest downtrend and my early up-entry was just premature. So Apple down -12 today I figured it will go down another -20 what the hell. The apple is falling from the tree and since it has fallen it has become more rotten and who wants to eat a rotten apple?

Advertisements