If you're really at $72, you should have sold them when it peaked earlier and bought back in at this last fall. Very not smart holding on to that position.
Are you just trying to pick a fight with sog? Do you realize how ridiculous your statement is? You say he's "not smart" because he didn't sell at the peak and buy back in when it dropped... But you do realize that nobody knew that it had hit a peak until AFTER it dropped, right? So how was he supposed to know it was a peak in time to sell his shares? And then when it got down to $95 briefly before it started going back up, how was he supposed to know that $95 was the bottom? You can't seriously be suggesting that he made a mistake by not selling at a peak that nobody knew was a peak...can you?
A few big players with millions of shares of Apple could easily control the stock price in the short term.
Lets say Citibank and BOA own shares and they want the stock to stay below $120 because they shorted the stock. Or they sold call options with a strike price of $120 so they want the shares to stay below that price. Could two players keep the price down? yes.
All Citibank and BOA would have to do is keep selling their shares to each other and slowly drop the price. They could be buying and selling the same 100,000 shares thousands of times a day.
Citibank sells to BOA for 118.10
BOA sells back to Citi for 118.05
Citi sells back to BOA for 118.00
BOA sells back to Citi for 117.95
and so on.
Now imagine if there are 10 institutions doing the same thing. They can easily drop the price in the short term. They also use algo computers that trade even faster.
That is the main reason why I want Apple to go private so they are no longer subject to this non sense.
Do you have any evidence that this has ever happened?
Just because the price isn't going in the direction that brings you profit, doesn't mean there's a conspiracy.
Comments
A few big players with millions of shares of Apple could easily control the stock price in the short term.
Lets say Citibank and BOA own shares and they want the stock to stay below $120 because they shorted the stock. Or they sold call options with a strike price of $120 so they want the shares to stay below that price. Could two players keep the price down? yes.
All Citibank and BOA would have to do is keep selling their shares to each other and slowly drop the price. They could be buying and selling the same 100,000 shares thousands of times a day.
Citibank sells to BOA for 118.10
BOA sells back to Citi for 118.05
Citi sells back to BOA for 118.00
BOA sells back to Citi for 117.95
and so on.
Now imagine if there are 10 institutions doing the same thing. They can easily drop the price in the short term. They also use algo computers that trade even faster.
That is the main reason why I want Apple to go private so they are no longer subject to this non sense.
Do you have any evidence that this has ever happened?
Just because the price isn't going in the direction that brings you profit, doesn't mean there's a conspiracy.