I was expecting a great earning and for the stock to sky rocket. I'm down big. should i sell in pre-market and get short tomarrow or hold and hope for a bounce tommarrow? did anyone else do the same crap that i did?
I bought AAPL when it was $27 a share and sold after JOBS merge Pixar with Disney in 2006 and never looked back. I don't like AAPL products anymore, too expensive and too hyped.
Not sure how much you bought near the ATH, but since jan 2009, through all sorts of market fits and apple events, the longest for apple to ever recover any paper loss is about 50 days.. If you are out mega bucks, wait it out.. If you think you can buy/sell/buy/sell and recoup the "loss," do that.. of course, that's all IMHO..
I ONLY HOLD 50 SHARES SO ITS NOT THAT BAD, BUT IT SURE AS H$$!! Doesnt feel good either. I will probably sell. chill for a while and try and trade it back up. maybe it seems like when i try to play large cap i get burned every time.
Don't fool around and buy/sell stock right before earnings. Might as well play roulette. It can go either way. Total gamble. And you paid near the all-time high! Buy low/sell high. Terrible trade, either way - even if AAPL rocked earnings.
Sell calls on AAPL. It will soften your loss and in time you make up the lloss. Or you could hold long term. I would selll options if it was me. GOOD LUCK! Don
thanks Don sounds like good advice, and dont get me wrong because i am a semi risky trader but isn't selling options really risky?
good advice thanks
It depends on your time horizon. There's every reason to believe that AAPL will be trading at $500 or above in a year. If you decide to hold on until then, you'll have a healthy 18-20 percent gain on your hands. Apple's fundamentals couldn't be stronger, and there's tremendous room for growth in emerging markets.
Apple could be back to $420 by Friday. Amazing but true. It all depends. I would watch the pre-market closely and act accordingly. Good luck. One thing I've done successfully is average down. Apple will come back, and in probably less time that you think.
in my mind i would worry about that money being tied up in a stock when i could be trading another, or a few more for that matter.
buy a 45 and one round
i like the anti freeze idea better
I bought for 414.00 3 weeks ago. Stop thinking like a trader and go long. In a couple of weeks, if not sooner you'll be back to even. More importantly, outside of a market crash, aapl will absolutely blitz next earnings and trade up their with goog.
shouldnt i atleast dump it untill the dust settles and then buy back cheaper
I did not. but I did hold a lot of oct calls. If you own it at 424 I think I would just hold through jan and you will still make money. sorry hey we all make mistakes.
i feel kinda uneasy about holding that long because im margined for about a fourth of the trade.
at the very least, hold thru the las Vegas electronics show held in January...It's pretty clear that the 4th quarter will be positive. I just want to see what is new that will indicate new sales for 2012.