First off, BAC down again on bad news, I hope you were shorting it. If by some mericacle it makes a bull run sometime in the next few weeks I would use that as an opportunity to short harder.
Now, down to business. Apple's Q3 earnings report comes out tomorrow, and i'm going to make a creative play on it. Apple has beat earnings reports for at least the past 8 consecutive quarters, and I don't think it will come as much surprise if apple beats it again by a moderate margin. Apples been skyrocketing lately, and I'm worried gains from their earnings report have already been priced in. Thats okay, I have a safer play. SNDK (sandisk) got killed today in the markets when their price target was downgraded. However, they benefit from apple revenue and they have an earnings report of their own coming out thursday. Point being this seems like a great short term buying oportunity.
No comments:
Post a Comment