[" url="/t/155594/apple-earnings-come-in-flat-at-13-1b-on-sales-of-47-8m-iphones-22-9m-ipads-and-4-1m-macs/40#post_2263369"]I bought a few extra shares of AAPL last week. And today right before close, I was just sitting around, smoking a joint, and a little voice pops into my head. It tells me, don't be a moron and don't be emotionally attached to any stock, no matter how much you may like it, sell it now for a guaranteed small profit, instead of taking a big risk, like a degenerate, alcoholic gambler in Las Vegas. Wall Street's expectations for Apple are so ridiculously high, that almost anything besides absolute blowout numbers are a disappointment. So after a few more puffs, I sold, and I am sure glad that I did.
I no longer invest exclusively in Apple, like I did when I first started. Frankly, I don't give a crap about which company that I put my money into for short term positions. The only thing that counts for me is if the stock goes up or down.
That's probably a pragmatic position...
Which is depressing. Our financial system is a hopelessly rigged game; with one party in the pockets of corporations and one party in the pockets of the hedge fund managers it makes sense that our economy is a senseless schizophrenic.
It would be pretty fantastic at this point if it just sort of worked, but beyond that, wouldn't it be a trip if you could, ya know, invest in companies that you genuinely wanted to see succeed; ones that you believed in? That would be an outright foolish endeavor, the way things are now.
What is even more depressing is the fact that the Dems and Republicans have talented, intelligent policy guys working for them; guys that could figure out these issues and come up with a system that doesn't rely on analysts reading the entrails of chickens or getting high on meth and reading a "crystal" ball to set a stock price. But our government has bigger concerns, like a pissing match to see to, and the alternative, open rebellion... well, that wouldn't be painless, if we venture no further prediction.
But yeah, until things are fundamentally different than they are now, it's better to play it clever, and not let the merits of the company itself enter into your thinking, unless you're keeping your thinking quarter-to-quarter.