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Apple Inc. Message Board

  • thomasyundaliu thomasyundaliu Dec 8, 2012 12:49 AM Flag

    40 K paper loss, what to do now?

    Average cost price is 593, I was too greed for not selling it on Monday when it was 594. who would expect that it dropped more than 60 dollars in 4 days! The problem is that I used 100% margin to buy this thing, huge loss now. Should I take the loss now (40 K loss), or just wait for it to bounce back to 593? will it ever get back to 593? My feeling is that the price action today was very bearish, it could go to 485 in now.

    Overall, now I think aaple is done for sure, long term trend will bring this thing back to 350 eventually. But I just want to sell when it does a dead cat bounce to at least back even on this thing, not sure whether it can bounce high enough to 593.

    Opinions?

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