Apple (AAPL) a Short at $179.98

On Friday, June 27th, I published a post that Apple will bounce to 175-180ish and then should be considered a Short.

Typically, AAPL stock runs up to the release of the product and then sells off. Last year, I was long AAPL into the launch and made some money off of it. What ensued the following Monday were HUGE estimate of number of iPhones sold- some as high as 900K in a weekend.

I just don't see half the hype the original release had and I can see surprising low estimates coming out this following Monday.

I also worry about Mac sales. I can see the weak economy finally spilling over onto Mac sales, perhaps back into DELL as the low cost alternative.

Short AAPL