Long for years and still long... Find this amazing. No way I sell at these levels though my 150% gain is totally "poof" - gone! But still up... Long & Strong. Anyone else?
Sentiment: Strong Buy
Long since 2001, two splits, lots of shares, and this is very difficult to watch. Down 23% from the high is a real hit to my portfolio, The company has lost its direction. The marketing has become very middle of the road, not cutting edge and very Microsoft like. The supply chain is broken. The public relations stinks. The products are no longer a year or two ahead of the competition. The cool factor is on the way down. The patent fights are looking more and more like bullying to the public. What happened ti the mojo?
October 16 it was at $646. If you read a case study about a stock price of a quality company like Apple and saw this kind of absurd selling would you sit back, objectively, and say, "yep, I'm gonna sell." No, you wouldn't. In hindsight you would look at it and say it is the continuation of the ongoing psychological phenomena of "buy high, sell low." The smart money is dollar cost averaging as it goes down. For whatever reason - prob the uncertainty of cap gain tax - there is a huge rush to liquidity. Just absolutely dumb to sell at this level with potential upside being what it is....
Sentiment: Strong Buy
I must admit Apple is taking a huge PR hit which started back when word came out that FoxConn was having a difficult time assembling the iPhone 5. And still the problem exist. And of course the quality issues. I'm a long time Apple fan and they have always managed to pull through so I am hanging too. Apple needs some good news right about now.
It is getting parabolic to the downside. Long since $190, took half off the table yesterday. Saw this coming. But I'm with you, this is shocking. The stock falls $15 per day it seems. Did people not see the mini sales this week? The company is so far from dead. My wife, who knows nothing about the stock, these boards, or CNBC bashing, simply loves her Iphone and wants the Iphone 5. That is what keeps me sane, the actual consumer. But this slide is nuts.