$AAPL $NFLX Carl Icahn Follows Another Trade Idea From Optionmillionaires

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Last October we highlighted $NFLX, much like we did recently with $AAPL, stating how the stock was undervalued and poised to rally.

http://www.optionmillionaires.com/2012/netflixnflx-on-the-move/

http://www.optionmillionaires.com/2012/netflixnflx-dejavu/

Later that month Carl Icahn revealed a massive stake in the stock, stating the stock was "undervalued". $NFLX has more than tripled in value since then.

Today a few hours before the close Carl Icahn issued a tweet that he had amassed a large position in $AAPL. His reasoning? He thought the stock was "tremendously undervalued". Sound familiar? We've been saying that at optionmillionaires.com for over 3 weeks. Great minds think alike. Two and a half weeks ago, with traders and analysts still bearish on the stock we posted a video on stocktwits highlighting some of the reasons why we thought $AAPL was going to make new highs before years end. http://stks.co/rM6v The video was met with skepticism. The bears remained very confident that the stock was going to make new lows for the year.

"Lets just get over $500 first"
"The chart is broken"
"What were you smoking when you made that video"

http://stks.co/rM6v

We followed up that video with a blog post, again we highlighted why we think $AAPL was poised to make new highs for the year. Why we think the chart is setting up for a big move to the upside.

http://www.optionmillionaires.com/2013/why-aapl-could-be-making-new-all-time-highs-in-2013/

I think today's action is just the start of a $200-300 move for $AAPL heading into the fall and winter of 2013. Today Carl Icahn shared the same vision as us on $AAPL, just like he did last fall with $NFLX. We know how $NFLX performed going from $55 to over $260. I don't think $AAPL will triple in value, but lets just say the stock is poised for a significant rally.

If you want to know Carl Icahns next big trade you might want to keep tabs on the blog here at optionmillionaires.com. He's already followed us twice in the last year, the third time could be the charm for our readers.

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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