Is Apple's Stock Headed for a Reversal? [View article]
Since timing the market is a no win scenario in the long run, my strategy is to add to my APPL position when all is bleak and gloomy. I currently own 4500 shares ranging in price from $8, $35, $55, and most recently $83 in March. I've held since 1999 and rode 2 splits giving me most of my shares for free. Why would I sell now while Apple the company, and it's stock, is on fire? I, for one, hope it drops like a rock again so I can buy more.
If I had attempted to time the market would I be sitting on such a huge gain and enjoying making every point possible?..... I seriously doubt it. But what fun is that for an active trader such as yourself, right?
I might add that if Apple is blowing away estimates during the worst recession since 1929 what do you think will happen when the wallets actually start opening up again? And don't forget Apple's best Q is always October to December. I would be looking to add on weakness, not selling.
-
Since timing the market is a no win scenario in the long run, my strategy is to add to my APPL position when all is bleak and gloomy. I currently own 4500 shares ranging in price from $8, $35, $55, and most recently $83 in March. I've held since 1999 and rode 2 splits giving me most of my shares for free. Why would I sell now while Apple the company, and it's stock, is on fire? I, for one, hope it drops like a rock again so I can buy more.
Oct 30 17:25 pm
|Rating:
+2
-1
All Comments by Infinite loop »Is Apple's Stock Headed for a Reversal? [View article]
If I had attempted to time the market would I be sitting on such a huge gain and enjoying making every point possible?..... I seriously doubt it. But what fun is that for an active trader such as yourself, right?
I might add that if Apple is blowing away estimates during the worst recession since 1929 what do you think will happen when the wallets actually start opening up again? And don't forget Apple's best Q is always October to December. I would be looking to add on weakness, not selling.
I wish you all the best.