Apple (AAPL)

Hmm. I'm going to have to put a stop on this trade. Breaks $157 and I'm out.

Gross margins missed consensus by 3/4 of a point on a big revenue upside.

I kind of think for them to increase their mac share like they did, that's something they should get a pass on -- they can trade some margin for some share. I also think Apple bought very little NAND in the quarter and they were passing through much higher cost NAND all quarter through iPod.

Action is troubling.

4:55pm -- funny. Broke $157 before I even posted it. I'm out.