Friday, August 17th can be considered a historic event in the tech sector with both Apple (AAPL) and Google (GOOG) closing at their all time highs. AAPL finished the trading session closing at 648.11 +1.85% breaking a previous high of 644 in April and GOOG at 677.14 +.63%. The trend hints for more room for growth. Some analysts anticipate that AAPL still has 10% to the upside to bring it above the $700 mark by the year’s end.
AAPL is set to announce a series of revised product launches on Sept. 12, 2012. Investors are speculating significant advances in the Iphone 5 as well as a fresh update to the Ipod line up. Rumor still lingers on the idea of an Ipad mini and an Apple branded TV.
Disclosure: In one of my previous articles it was mentioned that breaking major levels of technical resistance was critical and gave a nice indication for a rally. I am long AAPL trading the weekly and monthly options with deep in the money bull call spreads.
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Post Written By: Mark Et
My name is Mark and I am an options trader as well as a full time school teacher. I focus on minimizing risk on while still creating well over 25% to 100% returns on options scalping and complex strategies. My goal is to help you to better understand the basic factors involved with options trading, balance risk and reward, and providing winning plays on the market leading stocks. Come in and land some huge trades with me in TheStockMarketWatch chatroom!
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