Apple Thoughts, Water Links and a special offer for TradingWithCody subscribers
Good morning and welcome back to the fireworks show, where it ends up smelling like burnt phosphorous no matter where you sit.
Had a helluva a big rally into the close on Friday and Apple’s up another $8 today which means it’s now up $30 since I wrote this just one short trading day ago:
It’s time to buy Apple AAPL again… I’m going to add to my Apple position today. Apple’s already one of my top 3 largest positions and I’ve got much lower cost basis than today’s quote, but I’m going to nibble on some January 2013 calls, looking around the $650 up to $700 on the strike prices.
I didn’t expect that stock to move that very minute that I sent you guys out that note, but I’m glad I got it to you when I did. At any rate, I’m not chasing Apple now but that doesn’t mean I think this move is over. I think we can see Apple at $700 in the next couple months.
Last week we saw our Water Inflation play, Lindsay, go up more than 15% after a blow-out quarterly report. Let’s hit on some Water Inflation news this morning:
- Who is watching the water in southwest PA
- Graphene Can Improve Desalination Efficiency by Several Orders of Magnitude, Can Do Pretty Much Anything
- AURORA MAY SELL $9.5 MILLION IN WATER TO OIL AND GAS COMPANY FOR DRILLING ACROSS COLORADO
- Attacks on environment invite public suspicion
- “[Gov Perdue vetoed the fracking bill because she] was not satisfied that drinking water, landowners, municipal and county governments and health and safety were protected in the bill. And she demanded that the General Assembly put such protections in the bill for her to sign it. So, unfortunately, Governor Perdue doesn’t totally oppose fracking.”
- Water Restrictions Lifted in 18 of 22 Towns; Middletown Still Under Boil Advisory
On another note entirely, here’s what I’m leaning towards doing for a TradingWithCody summit — paying members of TradingWithCody get into a two-day conference for half-price, $500 (readers of my blog and the general pubic will be charged $1000 per head). I’ve had some good feedback from you guys and my other readers from around the world so far, but I got to thinking that you guys obviously need to be rewarded for being members of TradingWithCody.com. I would like to get about twice as many confirmations of interest into the event before committing to anything because you know that not everybody will actually follow up and/or be able to make it the week we choose for the summit. I’m still open to hosting the two day summit either and/or both as a NYC event or a Ruidoso, NM event, although so far we’ve had a lot more interest in doing a NYC summit.
Let us know if you’re interested — support@tradingwithcody.com.
