selling MSFT +11% in 7 days, shorting AAPL

Selling MSFT, +11% in 7 days

Microsoft seems a solid company overall, but the stock has shown relative weakness during the past few days.

Risking such a quick & easy profit on the long side when general markets are up an incredible 14% in slightly over a week is not our style, so we now book the profit on our recent MSFT long entry.


Shorting AAPL

Apple Inc. stock has done even better than the markets the past few days, rising 20% since March 7 and closing last at $99.50

Should we short such relative strength? On average, no. Should we admire Apple's innovation? Certainly. Should we believe companies that essentially sell discretionary consumer trinkets will do well in the present and coming economic environment? Not at all, nor are we bullish the tech sector in general.

By our ranking, Apple stock is just now moving into somewhat overbought conditions and into an area of significant resistance. A better short entry would be in the $105-$107 range, but rather than wait we enter presently.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the stocks we do, or mentioning them in this blog. If we hold existing positions we divulge the fact, otherwise we generally buy and sell as diarized here. This blog itself is merely a diarizing of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we, nor have we ever sent anything other than update notices for this blog to our mailing list. We only send update notifications when a trade idea is diarized, not if an update only contains general market commentary.