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AAPL is making a killing. when do I trade. Also SIRI question? |
Okay, back in jun I bought aaple for about 130, and traded it for about 136, I regreted doing that because it just kept going up, so I figure its too late to get on board again. well about a week ago, I bought it again, and its been up about 10% since then. I'm usually a short term investor(dont have a lot of money) so is it time to get off the aapl train? or is it still going up(educated guess ofcourse)? plus I sold siri to buy aapl, do u think siri is a good long term(1 to 5 years) investment, since its under $5? Enlighten a young brother. I bought in at 123 and have been riding it ever since... (sorry, minor bit of bragging...) Anyway, I suspect that even more people will be drawn in by the company's recent success--the company came out with blowout earnings yestersay--and that it will continue to go up a while. I am beginning to worry a little that the company is overvalued (I'm a long term investor) but over the short term the company is likely to continue going up based on momentum. That's just a guess, mind you. It is possible that something else could come up and the company could take a dive... Just put a trailing stop on your aapl and that way you can keep going up until the stock takes you out on top. As for the penny stock, they usually are slow movers if at all. forget about sirius.. have u seen their financial?? To me it's overvalued. If you are thinking of buying at least wait for a dip. Apple has a lot of competition so I'm not sure if this stock level can sustain itself. Dont listen to trailing stop. If you want to make good money on aapl keep it till it gets to 250 then sell it. This quarter coming up will be apples best yet. You would be crazy to sell it too soon. You could have still had it from the time you bought it at 130. Dont make the same mistake twice, it will cost you money. |
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