Originally Posted by OldMacGuy
100%? Put in a stop-loss order, please. No tree grows to the sky.
Timing is everything. Too much upside left and as we all know AAPL Stock can get battered around for a period each Quarter as it builds momentum to skyrocket up, which could make it hit one of those Stop Orders, and cost you a lot of upside. Nothing is ever "risk-free" in risky assets, but right now, even with EU issues and all that garb looming, that can batter the Market around, I personally took off my Stop Orders on AAPL as every time I have them, they engage and it costs me lots of $$$$ in the long run. Going Long means you do have to have a pretty strong stomach sometimes, though, but if the fundamentals say they will (and they do), usually in the end it will hopefully pay off greatly.
Originally Posted by glui2001
Crap sold at $454!
Now why would you do that?!
I was just talking to my friend today about this. Sometimes, in the Market, you concentrate too much on "What other people are doing". If you treat a Stock as what it is: A possession of yours that you buy with the intent to watch grow and usually sell to someone else when you feel it hits your peak levels of confidence-evaluation, you can have a more rationale level of when to Sell (and Buy). For example, I don't look at Apple as "what is it worth today to this Market". I look at it as "What do I think it's worth, what would I sell it for"? Just like if I was selling a car. I at this time wouldn't Sell Apple for lower than mid $600's, and that's just now (I too have to be instilled confidence by Apple, of course, as they continue to do that, I raise my "Stock Worth".
When Apple popped to $450's, it was great, but still ways to go to get even near fair valuation. And I don't sense any worrisome activities occurring at the very least throughout 2012 (more like 2014). Of course, the game is how much you can stomach the inevitable manipulation and stories to not convince you to dump it for irrationally cheap levels.