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Not blaming you at all, TK. This is a long term hold and I got burned the last time, selling it for an 18 point gain when it could have been a 100 point gain. It will come back.
But what will 5G service cost? That's the important piece of this equation.
... and when will it be available?
I personally see no point in a 5g phone right now. The networks aren't ready... and won't be for a while. Still... there are many out there that will upgrade to a 12 because it's 5g even though they get no consistent use out of 5g. I'm with Verizon and the 5g map shows a few places in Spokane where it's available? Not around Seattle metro though.
Keeping my 11 another year... hopefully my 100 shares will be profitable by then. What a crazy week it's been...
OK guys, I am down 15 points since I bought. What's going on, anyone?
It's basically just following QQQ... breakdown below the 21 day, breakdown below the 50 day today... this applies for QQQ and AAPL. Not something I'd want to own now unless I was planning to hold for years.
OK guys, I am down 15 points since I bought. What's going on, anyone?
Nonannouncement on new products - more was expected - and the tech selloff. And look at where the stock was a year ago - $55 - it's almost doubled. I bought before the split just to take advantage of the runup, made about 14.4%, sold at $130. The stock before the split announcement was trading at $380 - or $95 after the split. With tech under pressure, Apple isn't immune. That said, I still own a small amount of Apple bought long ago and was impressed with how well it held up during earlier selloffs. There's more to go on the downside with tech, imo, so I'm holding off.
Nonannouncement on new products - more was expected - and the tech selloff.
I would say that more should not have been expected, as it was widely known that this event was not going to be about the 5G iPhone lineup. The steak and potatoes will come with that event next month.
I don't follow technicals like BMW, but I'd say everyone bought in to the split hype expecting a pop, which didn't happen because everyone bought in before the split. For what it's worth, I'd hold it and even average down a bit and wait for the iPhone event in October. But I'm thinking long term, and don't have very much of a traders mindset. Like BMW said, I think in terms of years.
OK guys, I am down 15 points since I bought. What's going on, anyone?
I'm not saying that APPL will not be a $200 stock. I will say that about 2 days after the split APPL will probably start to decline, and it may be time to take some profit. At the beginning of the month, I posted that the stock could split at $125, and it has reached that point.
On 08/24/2020, I posted the above, but many here thought it was a buy, and it’s for the long haul. I’m in it for the long run also, but I’m not going to get a 25% or higher haircut to stay in it. I can buy more as it recovers on the way up.
I think people on the free TV has been saying this, after the stock split it would go down. Anyway I bought it in my HSA account for $106, right now it’s down.
I would say that more should not have been expected, as it was widely known that this event was not going to be about the 5G iPhone lineup. The steak and potatoes will come with that event next month.
Hope so... I made about $10k in profits over the summer with the cruise and airline stocks... and dumped said profits in Apple after it went from $138 to $120 a few weeks ago. Turned out to be a dumb move... not sure what I was thinking when I said to myself "it can't drop that much more."
As of today I have already lost 15% of it....
Made a sweet profit with companies grounded or slowed due to COVID... and can't make a nickel with Apple...
Made a sweet profit with companies grounded due to COVID... and can't make a nickel with Apple...
Welcome to the stock market...it's won't always be any where near that easy. To me, the mark of a good investor is not how he makes a quick and easy profit on the low hanging fruit, but how he waits out the daily market noise waiting for the real story of the company to play out.
"The big money isn't in the buying or the selling, it's in the waiting".
- Charlie Munger
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