KG - Daily Candlesticks

KG - Daily Candlesticks: "I thought it was a buy in the beginning of April since there was heavy buying. Didn't realize that it was a bet on the FDA announcement that occurred last week. April 9th was the day to short the stock in hindsite, but will this help in the next trade? I do know that the sell off was exacerbated with a sector wide washout. So the question is will it rally? I am going to wait for a trend confirmation...

via StockCharts.com

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More Reasons to short Apple

1) An analyst whose brokerage bought a bunch of cheap puts writes an article how Google or Microsoft are eating into Apple's market share

2) General market selloff

3) China ban rare earth export

4) The crises in Europe or trade spats limit the demand of Apple

5) Again, the iPad will eat into other corners of its business

6) Cheap Chinese knockoff

Cramer vs. Eric

Cramer is wildly bullish Teva and owns it in his charitable trust. I on the other hand own puts on it.

Who are you going to trust?

The succesful hedge fund manager cum guru slash author? Or moi?

Anyways, Credit Suisse is tanking (an admitted tangent)

Short Apple, Short Teva

There's a saying, "Can't keep a good guy down" or I guess in this situation, stock, but call me skeptical.

1) Bernard Baruch made his first million shorting, not buying, the copper mine in its day. I thought my first million in the market would be shorting the copper stocks, but at the moment this appears to be one of those aberrations.

2) Joe Granville has a theory that all parabolic moves must be shorted

3) Apple's products comes in waves then a competitor comes along...

4) The iPad, at its cheaper price, will eat into its computer business

5) The iPad will get cheaper not more expensive...

6) We don't like monopolies and Apple will be no different.

7) Teva sells generic products which in theory should have low markup. There will be competitors.

8) Teva doesn't add value and cycles change and value will be demanded

9) Mr. Buffett has a saying "be fearful when others are greedy"

10) It sounds crazy. But people forget that Apple Co. is not an angel (options backdating and Jobs health) and Teva's legal staff over substance.

In order to make that million, you will need to risk capital that may have been hard to earn and that's the problem. I guess the other problem is the timing of it and previous memories that may have not been so kind (thinking of my Goldman Sachs options).

But as George Patton sums it up "Now, there's one thing that you men will be able to say when you get back home, and you may thank God for it. Thirty years from now when you're sitting around your fireside with your grandson on your knee, and he asks you, What did you do in the great World War Two? You won't have to say, Well, I shoveled shit in Louisiana. Alright now, you sons of bitches, you know how I feel. I will be proud to lead you wonderful guys into battle anytime, anywhere. That's all.”