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Apple ohhhh Apple… Let’s make profit on it

As I had on my earlier post, May is not the time for holding the position of buy / hold on the stock. Research based on the seasonality Analysis of Stock Trader’s Almanac proves that the strategy of buying stocks in October and sold it in May proved to generate much larger profits than we apply the buy and hold strategy (ala Warren Buffet). I myself have been holding PUT Option positions in the shares. One of mine is the stock AAPL (one of my favorite stocks). Here is a chart of AAPL

It is interesting to see what will happen the next few days. The crisis that hit Europe and the continued fall of the euro currency to the dollar triggered panic selling on the market. Taking advantage of this moment, it’s good if we took a little profit from it. Good Luck everyone. Happy Trading

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