I don't know if this is just a speculative high risk account or what... but it sounds pretty concentrated... only if its not all of your retirement
It is concentrated, yes. I'm one of those thinking AAPL is a special situation right now. THE leading growth stock everyone talks about - with a low PE, no debt, and a dividend. How long its "glory days" will continue remains to be seen. All my other positions are much smaller, around 2% of account in each.
AAPL is in down trend, and those guys just keep thinking it will go up trend, just little pullback. AAPL leads its way up in the past, it will lead its way down. in reality it is, it drops first, then others follow. any pop is a sell opportunity. 705 will never be toched again. I am looking forward to 500~530, then I will look forward to 400~420, after decades, you will never see AAPL. the glory is gone. when you look at yahoo at 265, now struggle at 16ish. you know everything is BOOM and BUST, then gohst town. I heard a company who bought AAPL high by a rogan trader now is seeking outside help desperately it is one the brink of chapter 11.
without Iphone, ipad, ..., the world is more beautiful and healthier. AAPL's products are full of sins. create bad habits for people, waste people time on those useless things
For opposite points of view, this is almost as good as the Election! Of course no one "knows" what's gonna happen with AAPL over the next 6 months or so (unless they have a Time Machine), but we'll be finding out soon enough who's called it right. Is it AAPL at 700+? or is it AAPL at 500-? :eek:
I like that kind of talk. The upcoming post-election/pre-fiscal cliff time period should be quite interesting...
A 20% drawdown is putting them on the brink of ch 11? AAPL may not hit 700 again, but for a stock like that, the bulls won't go down easy. It will be back in the 600s before it sees the 400s.