I won't be buying anymore of this lagging slow moving stuck in the rut stock for a long time. I may buy it back again when it crash during another recession. There are too many other stocks out there that I could've bought more of and make much more money than Apple.
I understand that it has risen quite a bit but if you look at where it was in 2007's high and vs now it's only up 40 to 50 points more than where it was from that high. And how long has it been stuck between 240's to 260's now? Especially for a stock that's had blow out earnings?! There's no excuse for that. Something is definitely wrong with this stock.
it is kind of in a rut what happened to the old days when it can go up 5-10 % a day after earnings or some product rumor. probably because of the market before recession. wouldn't it be great if apple gets 30-40s p/e again
You may be right. This junk stock is so slow 270 may never come until late this year or not. But as I have told you before I'm holding calls so I have no choice but to try to utilize the time left on my contract and try to get as much money back as possible.