Showtime for Apollo: Fundamentals vs. Technicals

{ Posted on Mar 30 2009 by Minyanville }
Editor's Note: The following was posted in real time on our premium Buzz & Banter. It's being shared here for the benefit of the Minyanville community.I believe that successful trading isn't based on fundamentals or technicals but on fundamentals and technicals; you can learn to use both.Here’s an instance: Let’s look at a profitable trade in Apollo (APOL) that I initiated as a short and covered when it touched $66 - our first target in the vicinity of 200-dma. Apollo is scheduled to report its earnings tomorrow. Now the chart has really taken on a negative connotation lately. But you may be wondering why it's still ...

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