Monday, 17 December 2007

Buying back the Apple short

I'd sold about $20,000 worth of Apple one week ago, selling it at around the 52-week high. Buying it back today for a $1,006 profit, just over 5%.

Was only in this for a small amount, as felt Apple was over-valued even though it is definitely a company with great products and a great future. I'll try and keep an eye on the stock and may sell it again if it gets overbought in the future.

5 day Chart of Apple


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