Almost There
On Aug. 5th (see Could There Be A Worm in Apple) I suggested that after the 4-1 split AAPL will begin to underperform. The stock has continued higher as expected but come Monday 8/31, the split will be effective. Below is the chart of AAPL. The picture is the “definition” of parabolic. The stock will be considerably lower in a few months. It may even become a buy again at some point. Let me use TSLA as a good example. Back in early Feb. before I was on this platform, I posted elsewhere that TSLA was parabolic when it was just a few dollars under 1000. It proceeded to drop to below 400 in less than two months! I am not saying AAPL will fall by over 50% but once parabolic you always correct significantly. I never expected TSLA to do what it has done since that large correction and maybe AAPL has a significant upside move sometime next year or beyond. However, in the more immediate future it should first go down significantly from the high it makes in the next few days. Sell or buy puts.
I doubt it even corrects 20%. AAPL tracks M1 better than gold and likely will until the last few months of this fiat regime.
Approximately $125 if it is around $500 at the time of split. That means below $100 would be 20%. Will see $95 post split and probably lower than that. Only caveat is it will take a few months because everything stays supported till after the election.