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Old 10-24-2008, 12:26 PM
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Join Date: Aug 2008
Location: Miami beach
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Default selling swing AAPL at 95.00-94.50

.selling swing AAPL at 95.00-94.50 3x oversized full stake. Today was one ugly open and as I said in the room it was due to Europe's fall. But we have to remember Europe is not as low as we are so they are playing catch up. This is why there was no follow trough yet on this mornings declines. but regardless after doing a position of such weight on AAPL as we did for a swing I wish to remove this risk from the table. As we saw at the pre open fear is prevalent , even though it has not fallen trough the risk just went up substantially. I will renter her but wish to now wait. Good luck one and all but do remember the falls we are seeing in Europe are only there markets catching up to us, and though at open we saw a huge panic fall there markets should not affect us this way because of there comparable levels. This is key in understanding where we stand as compared to our counterparts, the water just has to level out. I really do hate selling AAPL now because she is so very cheap especially taking into consideration the earnings of 2 days ago but such a large position as 3x oversized is just not risk I wish to see after this mornings panic.
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