Originally Posted by Robin Huber
Are they telling us something? This is as good as AAPL will get? I should have sold in the high six-hundreds but got greedy and missed the peak. Maybe I should follow their lead and dump it now
Whenever Apple execs sell AAPL, it easy to assume that they are "jumping ship", because they don't believe in the future of Apple. But, at the same time, Apple is buying its own AAPL stock!
Apple Stock Buyback, Q3 2013: Apple spends $16 billion in Q3 | BGR http://j.mp/14jwIlx
Obviously, Apple is confident in its own future! And 19M is a lot less than $16 BILLION!!!
The execs who sold AAPL probably needed to show a loss, or pay some bills, or buy something else really cheaply ASAP! There could be lots of possible guesses!
Yes, AAPL is off its $700 High, but…. When it goes higher than $700 and keeps going higher, that Previous $700 will be a lot more Real, Solid! Those who held on, and didn't panic sell, will be re-validated, rewarded for their faith in Apple, AAPL etc.
Of course, those who sold AAPL at $500-600-700 and re-bought it at $385 - 500, will feel really smart! But… Predicting stock prices is impossible! All those Crystal Balls Talking Heads out there are suspect to me - BS, guessing, you pick your own descriptions for them! Those folks seek attention, because otherwise nobody would listen to them, and they would be out of a job!
How many of them have invented anything, or created companies, or build anything? Just cause someone has a job on TV, or a Blog, they are Sure Bet Authority?
Whenever I see Tim Cook talk, I do NOT see any fear in him, and the rest of Apple bosses. They look like they know exactly where they are going, how they will get there, why etc. The Apple Vision Thing looks solid to me.
The Wall St. with its BS needs to scare the masses as a way to cause Sell Offs… Then Smart One's come back and Buy AAPL Cheaply again… Pump and Dump, Rinse Repeat!
Eventually, AAPL below $650-700 is going to be considered a Bad Day Sell Off… :)!
Edited by macologist - 7/31/13 at 7:18pm