UPDATE: AAPL ~ what's in store (next)? (Mar 4 2013)

AAPL had been on a huge run.  Monstrous gains in a consistent and significant manner.  And their cash reserves continue to grow >$100B.  Their product placement and pipeline remain positive.  So where to from here?  Stock price has declined 25% from late September highs, and has a gap to close at $431.  Today, Seeking Alpha has a piece talking about the circumstances being ripe for AAPL to more fully monetize its patent portfolio > suggesting AAPL is about to realize it's full share potential?  You may notice the two green arrows, these were long price targets on a bounce off the original ascending trendline.  Didn't go there now did it?  Watching and Learning.  Trading On.

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UPDATE 10:  AAPL has both been stronger and weaker in the period since the last update.  $419 has been touched twice thus far.  Analyst opinions are all over the map as to what is next.  I can't recall the last time I saw reference to what they were going to do with the mountain of cash they have socked away.  $50B/YR free cash flow ~ WOW ~ The no news of a dividend is curious.  I've  read Steve Jobs can still be credited for advancing the next two iPhones. That could be good.  iPhone 5 has not been a great winner.  iPad Mini has met expectations I believe.  Market uncertainty ~ global geopolitical uncertainty ~ growth uncertainty ~ be cautious!

UPDATE 9:  AAPL has continued with general weakness after retesting the support trend line above as resistance now.  My original target of $431 has been reached ~ protect all profits and principle ~ keep runners on if you choose.  Where to from here?

UPDATE 8:  AAPL has retreated from a trend line and (again) approached a 'gap' to close.  There has been lots of news on AAPL this past week ~ Einhorn and the shareholder vote related to changing the Articles of Incorporation, and the statement regarding more than 30% of AAPL's share value is in CASH (>$130B) ~ remember the statements a few months back, AAPL was going to be the first Trillion$ market cap company. With market sentiment seeing further downside, what will this mean to this Tech Titan? Watching and Learning.

UPDATE 7:  AAPL have rebounded and is up against a trend line and although having pierced this, it also retraced back below ~ is this a potential zone where the reversal may continue?  Watching and Learning.

UPDATE 6:  The daily chart for $AAPL is exhibiting a loose HS pattern > measuring to $380 and $280, first and second target respectively > with a good probability of a pause at $350-360.  This goes completely against the grain, but technically, this is a plausible pattern.  Watching and learning.

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UPDATE 5:  Certainly any reference to a downside target of $431 (as stated above) was rebuked with a variety guffaws and uncontrolled laughter.  The low price realized thus far is $435 - close enough for the girls we go with.  Now the challenge will be the overhead resistance > and what that will do to price reversion.

UPDATE4:  price bounced from top range of gap to close @ $450/shr _ interesting to see the headline that still claims at this price AAPL is STILL not a buy.  They missed on earning, iPhone sales down - but don't they still have more than $120B in their private hedge fund? Watching and Learning.

UPDATE3:  the $431 gap close may be more realistic than originally contemplated?

UPDATE2:  price has had a healthy bounce, including a gap up (highlighted).  

UPDATE1:  a most interesting close to the day > could mean for some interesting price action for next week.