FWIW, I bailed on my AAPL stocks last Thursday.
Attachment 18572
Attachment 18571
And today I'm glad I did. Will I buy back in? I don't know yet. If I do it's going to be a while. No set up in sight right now. Again, my opinion only.
Printable View
FWIW, I bailed on my AAPL stocks last Thursday.
Attachment 18572
Attachment 18571
And today I'm glad I did. Will I buy back in? I don't know yet. If I do it's going to be a while. No set up in sight right now. Again, my opinion only.
Didn't have any apple myself (nice sell point in my opinion -- good on ya)... but I did throw about half in the F fund today... now where did you stash those sugar cookies? :D
Great job!
$550 looks like a good spot to re-enter - if it can get there. I'm not sure we'd be lucky enough to see the gap near $425 get filled.
I like to roll the dice on Apple before earnings when the stock hasn't run up into the report. This looks like one of those times. I will re-evaluate next Tuesday right before they release.
OK, I just took the plunge at $561 this morning.
Yesterday's reversal day looked promising, but today's sell-off is concerning. At least I got in at a little lower, but I'm not crazy about the action this morning. Buy fear, sell euphoria, right? :sick:
Good luck Tom -- hope you end up in the green. Now, to add to that sick feeling you got... a chart:
Attachment 18646
Hope it works out for you -- just remember, it isn't a trade if your stomach isn't churning. :D
Thanks, I think. $550 was my initial target to start buying, but $561 is just a rounding error. :)
The problem is, the next buying area is probably $425. A poor report and that could be a reality.
Good luck, Tom! I thought I would look at it again if it got to about $545.... I do think this is just a correction but it's a scary stock. Right now none of my favorites seem appealing. I don't have any AAPL, PCLN, MNST, CMG. Probably going to wish I did have at least one of them one of these days, but that seems like the nature of the beast.
It's certainly a momentum stock so the low valuation won't matter in the short-term. Right now it's just a matter of will their earnings be another blow-out, like they usually are, and will their guidance be enough to satify investors? Being oversold going into the report helps, but it's a gamble. :)