AAPL: Buying the Dips!

look at the frequency.. seems like we are due..

 

+1

 

Yes. I am long AAPL stock. And I believe, for the first time ever.

 

i am the first to admit nobody knows what the market will do. your strategy have a flaw of losing a 1/3 of your money and to me that does not seem prudent. i think apple went down 20% so at 30% is that when you say your wrong? do you leave at that level or let it trade at that point? do you just start to cost average? my point is if its a trade a bear market is called before the fact because once its actually called your already 6 months into it.

good movie quote for you
"People break down into two groups. When they experience something lucky, group number one sees it as more than luck, more than coincidence. They see it as a sign … evidence that there is someone up there watching out for them.
Group number two sees it just as pure lucky—happy turn of chance. I'm sure that the people in group number two are looking at those 14 lights in a very suspicious way. For them, this situation is a 50/50. It could be bad. It could be good. But deep down they feel that whatever happens, they're on their own. That fills them with fear. Yeah. There are those people.

But there's a whole lot of people in group number one and they see those 14 lights and they're looking at a miracle. And deep down they feel that whatever's going to happen, there will be someone there to help them. And that fills them with hope. And what you have to ask yourself is what kind of person are you? Are you the kind that see's signs or sees miracles? Or do you believe people just get lucky? Or look at the question this way, is it possible that there are no coincidences?"

 

And I am out of AAPL with a small loss at $541.20. Call it lack of conviction if you wish.

 

for what it's worth apple's selloff is starting to perk my short term interest. i still think its a long term sell though! will be watching closely to get a swing long in.

 

aapl , just a scenario, banks closed for the holiday,all scenarios are sceptical at best

 

The last Higher Low in AAPL's Uptrend was hit on May 18th.
Until that Higher Low is taken out, the 44 month Uptrend is still in place.

I think the politicians will reach a compromise on the Fiscal Cliff, and then the Market and AAPL will rally.
If I'm right I'll make some money. If I'm wrong I'll lose some money.
Meanwhile, I'll just sit, watch and worry!

 

Countdown to the Fiscal Cliff!!


http://www.marketwatch.com/fiscalcliff
:eek:

 

AAPL trying to form a new Higher Low (Blue Line), and not break the 44 month Uptrend by falling below the last Higher Low (Red Line).