Friday, May 31, 2013

Adding to AAPL Equity Short

This is one of the core positions, one I'm a bit nervous about as AAPL is at a deep discount, but as I said yesterday, the market is a pendulum and swings much further than what most would consider reasonable.

If it turns out that on a decline AAPL is accumulating, then I simply cover the position or part of it.

As you know I already have a partial position opened at a profit, this addition will bring the position to about 2/3rds of a normal, full size Core position-these are longer term positions I expect to trend.


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