I am short 100 shares AAPL at $177.68. I’ll take 50 shares off the table at the recent low of $170, and the other 50 if the stock reaches the November low of $155. My stop is above the 50 day moving average, around $183.
It’s always tough to short a stock like AAPL. However, the stock has broken down below the 50 day and volume shows major distribution.
Update: I did not know that that Mac World is tomorrow. A reader pointed this out and I probably would not have entered had I known. Should have check the news before entry . . .