All available assets? Probably not. Especially if you're seeking short term gains. I'd be looking at it as a long term purchase, so if it touches $550 (actually $549) I've already put in a GTC limit buy. And if it goes to $540 or even $530, I won't lose sleep. Apple options tend to be quite pricey. But if it gets silly low (for no apparent reason other than program/technical trading), I probably will buy some calls, just as I did last year when it sold off.
Other than the possibility that the carriers might be thinking of a way to push back on the subsidy they pay for the iPhone, I really can't see as much fundamental risk as some people claim there is. Technical risk? Sure... on a stock that's had a parabolic rise recently. But I still think this sell-off is overdone. I have been wrong before. But this company has been delivering on earnings very well. And until that stops or slows down, it looks like a buy from here in the Peanut Gallery.
All available assets? Probably not. Especially if you're seeking short term gains. I'd be looking at it as a long term purchase, so if it touches $550 (actually $549) I've already put in a GTC limit buy. And if it goes to $540 or even $530, I won't lose sleep. Apple options tend to be quite pricey. But if it gets silly low (for no apparent reason other than program/technical trading), I probably will buy some calls, just as I did last year when it sold off.
Other than the possibility that the carriers might be thinking of a way to push back on the subsidy they pay for the iPhone, I really can't see as much fundamental risk as some people claim there is. Technical risk? Sure... on a stock that's had a parabolic rise recently. But I still think this sell-off is overdone. I have been wrong before. But this company has been delivering on earnings very well. And until that stops or slows down, it looks like a buy from here in the Peanut Gallery.
$555 intraday low, followed by a gap-up open. Hmm! Well, that's what people get for being greedy!
Comments
All available assets? Probably not. Especially if you're seeking short term gains. I'd be looking at it as a long term purchase, so if it touches $550 (actually $549) I've already put in a GTC limit buy. And if it goes to $540 or even $530, I won't lose sleep. Apple options tend to be quite pricey. But if it gets silly low (for no apparent reason other than program/technical trading), I probably will buy some calls, just as I did last year when it sold off.
Other than the possibility that the carriers might be thinking of a way to push back on the subsidy they pay for the iPhone, I really can't see as much fundamental risk as some people claim there is. Technical risk? Sure... on a stock that's had a parabolic rise recently. But I still think this sell-off is overdone. I have been wrong before. But this company has been delivering on earnings very well. And until that stops or slows down, it looks like a buy from here in the Peanut Gallery.
Quote:
Originally Posted by Jag_Warrior
All available assets? Probably not. Especially if you're seeking short term gains. I'd be looking at it as a long term purchase, so if it touches $550 (actually $549) I've already put in a GTC limit buy. And if it goes to $540 or even $530, I won't lose sleep. Apple options tend to be quite pricey. But if it gets silly low (for no apparent reason other than program/technical trading), I probably will buy some calls, just as I did last year when it sold off.
Other than the possibility that the carriers might be thinking of a way to push back on the subsidy they pay for the iPhone, I really can't see as much fundamental risk as some people claim there is. Technical risk? Sure... on a stock that's had a parabolic rise recently. But I still think this sell-off is overdone. I have been wrong before. But this company has been delivering on earnings very well. And until that stops or slows down, it looks like a buy from here in the Peanut Gallery.
$555 intraday low, followed by a gap-up open. Hmm! Well, that's what people get for being greedy!