A selloff – it's about time AND Apple going for the jugular
- Posted by Howard
- on November 27th, 2006
I have been selling extended stocks and buying some fresh breakouts the last two weeks.
For long only guys, today is not good. Me included. But, what a run we have had. We need this. Let’s face it, it has been too easy.
Even with the gigantic selloff, not much damage – other than Google and BIDU. The big reversals though are worth noting.
Gold and Oil stocks are pretty flat.
Now for the important stuff – Apple rumors galore today!
First – The Beatles going exclusively with iTunes? Makes sense to me. They better before they are forgotten :)
Second – An Apple Tablet Coming Soon. Color me Viagra’d :) .
What a freight train coming from Apple.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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