It has come down a long way but the chart seems to indicate that the price is still way over inflated. Is this still a good shorting opportunity?

Closed my short and bought in market. Missed the bottom though, never mind.

Well gf and others, thanks for talking me out of it...I might have lost my shirt.
Regards

No probs and somebody switch the lights off and close this thread!!!!!!!!

82.25p yesterday!

Well gallick, it looks like you shouldn't have been talked out of it

BUT the shorting is over now & we are going back up.

Of course, long term holders will be unaffected when it recovers IF they held their nerve.

I'm amazed how such a good company can fall so far.

Well be prepared to be amazed again next week !

>> apple

The thing is, if I had shorted, and the price rose as it did, I imagine I would have bailed out, thus making a loss. Having said that, I do think (and this is not a chartist speaking) that we do need to look closely at charts because they reflect the prevailing mood of investors. The old chestnut is that the trend is your friend. However I have invested in one or two stocks recently (or maybe three!) where the trend has definately been my enemy.

Perhaps the answer is to look to make profits on the upslope if you are buying, and then take reasonable profits (say 20-30%), or downslope if you are shorting.
In other words don't be too greedy!!

Trouble is, that's easier said than done!!!

this has to be a steal at 82.25 - up today, maybe the shorting is now over.

Just been reading this thread

gf - are you for real? Never short on chart alone??????

It's when you start mixing chart and fundies that things go wrong. I would expect 80%+ of shorters short on the chart alone.

Gausie