At this point I would flatten up a long position in both AAPL and FB and look to take some money off the table. I have a small position personally in my IRA that I will be working to close over the next few days.
Moving into earnings next week I will likely set up a front spread trade for TheStreet that could potentially kill it if FB moves higher by 10%, or so, but will do well if the stock drops, which I think is more than likely to happen.
In terms of AAPL, the movement is not nearly as bad, but still looks screwy, as it is feeling toppy. If I had a position I would be lightening it up.
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