understanding the psychology of behavior

With the market being as oversold as it is, and since I am expecting a technical pop, I am using AAPL to play it.  AAPL is also oversold, and has solid near term fundamentals in its corner.

I am using the Oct 160 calls, and will cover on a solid bounce… maybe around 175… the red line. (Using longer term calls just incase oil continues to spike, and I have to wait for the end of summer oil collapse.)

This entry was posted on Monday, June 30th, 2008 at 10:31 am and is filed under markets, stocks, trades. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.