Daily Archives: July 20, 2011
9:28 AM — As we head into the open, you can see Apple is already starting to sell-off before the bell. This is exactly the type of thing we see before the open bell after earnings. Remember all of the analysis.
9:45 AM — Panic selling is accelerating right at the open. This is what we saw with Google last week and what we’ve seen with Apple so many times in the past. Be careful to get caught up in the panic. The best opportunity to sell premium has now passed. There’s a good chance there will be another better opportunity that what we have here now. Don’t fall for the panic “banana in the tailpipe” trap.