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Post by rickag on Jun 24, 2016 3:31:57 GMT -8
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Post by gtrplyr on Jun 24, 2016 5:03:58 GMT -8
Nothing much to add .... just sitting here watching the carnage that is about to unfold.
I hope Apple buys hard at the open.
Cheers to the longs ...
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Ted
fire starter
Posts: 882
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Post by Ted on Jun 24, 2016 10:34:14 GMT -8
I blame Tim Cook for today...
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Post by incorrigible on Jun 24, 2016 10:36:41 GMT -8
I'm like a kid in a candy store today. So many bargains and not enough cash.
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Post by tuffett on Jun 24, 2016 11:26:02 GMT -8
I'm like a kid in a candy store today. So many bargains and not enough cash. Plenty of time to go shopping methinks. Markets were near all-time highs with really not much to back it up. Brexit could easily be the trigger to a correction. Of course, I could just as easily be wrong and we could make up all the losses on Monday, but I think some caution is warranted at this time. I went to 80% cash before the vote. I've finally shaken the fear of AAPL running away from me and it's liberating. That fear has caused me to make a lot of crappy decisions and lose a lot of money over the last few years. Sure, I expect AAPL to go up eventually but there will be opportunities to buy back in - there always are. If I miss a few dollars of the run by playing it safe, so be it. Instead of focusing on maximizing profit, I'm now focused on not losing money. All depends on risk tolerance I guess, and mine is a lot lower now than it was a few years ago.
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Post by sponge on Jun 24, 2016 11:47:26 GMT -8
Well I bought back in today. Had cut my losses and sold at 99. Could have bought more but all indicators point to a good entry point so it was too tempting.
Want to see us revisit 100 and I can cash out then. We will see what the next 3 weeks bring.
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Post by tuffett on Jun 24, 2016 11:55:54 GMT -8
Anybody find it amusing that by largely ignoring the stock in an attempt to cater only to long term shareholders, Apple has actually increased the number of traders in the stock? Myself, sponge and I'm sure many others have switched from a buy and hold strategy to an in and out strategy. It simply makes more sense for a stock that makes 30-40% moves on a regular basis. When I bought my first AAPL I did not intend to sell them for a long, long time. That's certainly changed. When a rumour from a Japanese newspaper holds more weight than the CEOs words during a conference call (over and over again) why on earth would anyone subject themselves to holding this stock through thick and thin? A 10% correction can be manufactured out of thin air and is just around the corner at any given point in time.
Good job, Apple. Keep insisting that you don't run the business on a 90-day cycle while at the same time refusing to tell your investors anything about your plans beyond the next 90 days. All while earnings drop and the stock plummets.
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Post by sponge on Jun 24, 2016 12:09:59 GMT -8
In reality this has been a trading and buy and hold stock since 2005. I see 30% moves from the bottom every year. Look back and you will find it. Regardless of earnings, we will have exaggerated moves in both directions.
I no longer care if we hit 150 or 200 or when that will happen. I don't care if we have a low p/e. I don't care that WS manipulates the stock or does not treat us with respect.
Right now a p/e of 9 is too low and 16 too high. Maybe in the future that range could be 13-20.
The company is in good hands continues to innovate while making billions. Plenty of growth left regardless of what the market thinks and does.
The Britexit is a non issue in my book. England is strong and having visitsd 3 times in 2.5 years they are doing just fine. London is full of cranes, and the company I met with gets 300 inquirys a day for their $18,000 an hour jets. Big money is being invested in England and the US despite the doom and gloom.
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stub
Member
The fix is in. Be patient. Don't panic.
Posts: 300
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Post by stub on Jun 24, 2016 12:10:51 GMT -8
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Post by artman1033 on Jun 24, 2016 12:42:27 GMT -8
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Post by mace on Jun 24, 2016 12:43:55 GMT -8
... Instead of focusing on maximizing profit, I'm now focused on not losing money... Congratulations. I'm still unable to muster enough strength to follow WB's advice.
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