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I think Apple is a great company and could hit $132 by the time it reports earnings in October. The problem is that $110.00 stop loss protects my contributions to the trading account. I got in at $124.00 and I was confident that it might dip to $115.00 but not with this much negative momentum. But no worries, I've only been using the account for under 4 months so what's lost is what I generated in the first three. If the stop loss hits I'll probably just drop TD Ameritrade and get back into Apple when the dust settles. I opened the account for the 3 months of free trades and to get some experience and it's been a great few months.
I thought of this thread today at work. Days like this really make you put your holdings in perspective. This does not apply to other companies but for Apple I thought it might be good to put the last eight months in perspective Apple went from $106 on January 16th 2015 to $133 on February 23rd 2015.
For me this is my second year out of college so having actual assets is still new and for some reason all I'm thinking is today is one of those days I've heard wealthy people talk about and I wish I had more money to pick up some stocks!
I've been liquidating my stocks over the past couple of months and I'm now about 75% in cash. Thinking about buying some inverse ETFs (FXP, SPXS, SPXU, YANG) if the market continues to tank on Monday. If AAPL goes down to $90, I'll get back in.
bought the EUO ( long dollar - short euro ) etf on Friday for $23.67 , while the trend seems to be long euro - short dollar again , the euro appears over bought right now in the short term , the 200 day moving might well be touched tomorrow but I doubt we plough through it
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