- 4% allocation of AAPL January 2011 $250 calls;
- 12% allocation of stocks (Ford (F), Boeing (BA), Baidu (BIDU), QQQQ PowerShares Trust 1 (QQQQ), Devon Energy (DVN)
- 6% allocation of the Rydex S&P Mid-Cap 400 (RFV) and Health Care Select Sector SPDR (XLV)
It's that time of the month. It's time to sell. With lines all around the world for iPhone 4, Apple ( AAPL) stock is showing us that it's tapped out on this run. The next couple weeks are going to be very difficult for this market and Apple investors know it. Consider the following: No.1. FedEx ( FDX), Best Buy ( BBY), and Bed Bath & Beyond ( BBBY) all disappointed on earnings. Investors are going to assume the worst between now and July 12 when earnings season hits full swing.
No. 5. Investors will be irrationally pessimistic heading into the monthly earnings report on July 2. Combining these five short-term concerns with the monthly pattern of Apple, we are going to sell out of the following positions:
Readers Also Like: