$550 by Monday?

Expect a bounce...

... and I may or may not be talking about the stock... you never know what to expect.

$550 = Buy More

$540 = Buy More

$530 = Buy More

ETC!

Quote:

Originally Posted by I am a Zither Zather Zuzz 

 

 

How much did you buy at $642?  There was huge volume at that price.

The company is still a great value at $642. If those people aren't dumb enough to sell, they'll see massive gains on those shares, just like the guys who bought at $420 2-3 quarters ago who had to be underwater for 1-2 full quarters.

Time for a good bounce for AAPL.
 

Quote:

Originally Posted by aaarrrgggh 

I would like a bounce right about now...
Not worried, just sufficiently leveraged right now that I can't buy more.

Around now would be a good time to buy.

Forward p/e of 10. Terrific.

I still think there will be even more downward pressure going forward but I see a helluva bounce coming up.

Regardless, Apple has become a bargain.

I keep hearing shorts talk about "$524" as a point to pile in. I'm clearing up some leeway and starting to think about adding to my positions (weighted enough so that I didn't want to, but it's becoming too attractive to pass up).

Quote:

Originally Posted by Godzilla 

I keep hearing shorts talk about "$524" as a point to pile in. I'm clearing up some leeway and starting to think about adding to my positions (weighted enough so that I didn't want to, but it's becoming too attractive to pass up).

When it happens it will be quick. The whole idea is to shut out as many people as possible. If someone got nervous and sold at $560 then they don't want you buying back at $560... more like $565 or above. Just enough to make money on your back.

Quote:

Originally Posted by island hermit 

 

When it happens it will be quick. The whole idea is to shut out as many people as possible. If someone got nervous and sold at $560 then they don't want you buying back at $560... more like $565 or above. Just enough to make money on your back.

"Buy high sell low", that's the game, and that's how the "Wall Street Gods" manipulate your psych. Been there, done that, never again. Exactly, the idea is to squeeze out as many as they can, freak them out, and then bam, stars light up, smoke clears, blue sky's and everything's hunky-dory (i.e their money has now flowed back in on the Long side). Unfortunately, I'm sure many have taken the bait.

Quote:

Originally Posted by Godzilla 

 

"Buy high sell low", that's the game, and that's how the "Wall Street Gods" manipulate your psych. Been there, done that, never again. Exactly, the idea is to squeeze out as many as they can, freak them out, and then bam, stars light up, smoke clears, blue sky's and everything's hunky-dory (i.e their money has now flowed back in on the Long side). Unfortunately, I'm sure many have taken the bait.

Never is a very big word when dealing with stocks.

Actually, of course, it will/can happen, but let's just say each time I (try) get more the wiser. :D

Just had to unload a friggin' loser today in fact, to free up some more AAPL purchasing power. Sometimes you just gotta let the losers go and use that money more wisely (or attempt to). As long as your winnings are outnumbering the losings, then you shouldn't beat yourself up too much about it.

Quote:

Originally Posted by Godzilla 

 

"Buy high sell low", that's the game, and that's how the "Wall Street Gods" manipulate your psych. Been there, done that, never again. Exactly, the idea is to squeeze out as many as they can, freak them out, and then bam, stars light up, smoke clears, blue sky's and everything's hunky-dory (i.e their money has now flowed back in on the Long side). Unfortunately, I'm sure many have taken the bait.

I wonder how many people got nervous and sold when it sunk back to $530 the other day.

They'll be puking right about now when looking at this $18 jump.

[FB aint looking so hot about now]

I was happy to buy a few more at $538. Only 25 shares, but still happy though now wish I had bought even more. I doubt we will see that bargain buy-in price again anytime soon.  I love the fact that Apple is up 3.2% and Facebook is down by a similar amount. Karma is a bitch. 

Quote:

Originally Posted by island hermit 

 

I wonder how many people got nervous and sold when it sunk back to $530 the other day.

 

They'll be puking right about now when looking at this $18 jump.

 

[FB aint looking so hot about now]

Totally. I've been there too, and it's a crappy experience. Then all of a sudden your eyes open, you tune out the Tabloid Pundit noise, you see the value, metrics, fundamentals, upcoming launches, new markets, and think "Why the hell did I sell at this price, assuming that AAPL would be trading for a 7-8 P/E next year"?. My rule of thumb, is "NEVER ACCEPT A LOSS IN AAPL". Just not today. Even if fundamentals aren't your thing, or you have your doubts about future growth, Apple will make its way higher than whatever it is that you bought it for.