I got in over my head on Apple. I'm just an average guy that took some critical savings and hoped to make a few bucks with Appple. Wasnt swinging or intending to hit a grand slam, but instead got slammed for a $12,500 loss (as of current price). I have 88 shares and Im devastaed at my loss. YES, I #$%$ up bad! Would anyone kind enough give me advice as whether I should just cut my lossses and move on or hold? If I thought in 2 years I'd get my money back it would be one thing, but I CANNOT take an additional $5,000 loss even! I'm asking for serious replies, and please dont tell me to jump from a building just for your own humor...I considered it, and must confess I fell asleep last night crying...yup, that bad! Anyone able to give some advice?????
Hey buddy, I know the feeling and it will be ok. There are a lot of people who lost a whole lot more. My honest opinion is that it goes down from here short term. They need to put out an innovative product, do something for the shareholders or get China Mobile for me to consider buying their stock. Its now a value play. With that said, if they do one of those things, you will get all your money back and if not, you are looking at a slow decline. I have long positions that I sold half my shares and protected the rest by buying puts yesterday which just made me a small fortune. I would suggest shorting the stock or playing some options to protect yourself.
12k seems like alot.Save more diversify more just have no more than 3% in any one position.Don't put all your eggs in one basket in case one basket gets dropped like this one did.I usually get slammed by one or several of my positions.If you believe apple is not going to go bankrupt I don't see this happening with 140 billion in the bank then don'e sell it I'm not selling mine it's just another day of the market cause i only have 1.5% of my portfolio in this company.Just be patient the stocks are usually for the long term meaning 5-10 years the longer you hold and AVERAGE in the better,usually.12k is alot but not worth stressing over (to much) but it is worthy of a lesson.Good luck
Without any prediction of anything : Imagine half/half solutions.
Means, if you are not sure, but want to do buy/sell half of the amount, you wanted to buy/sell. No matter in which direction the stock will move you can calm as you got in/out of half already or the other way at least half of the amount you got in or sold at the price of the day, you did it.
So in your case, if you would sell half and the stock goes up from here, you still got the other half ( but now have to wait for double price increase ) but do not see yourself, have taking a loss and now would have breakeven or even a win.
The other side, if you would sell half and the stock goes further down from here, you at least have sold one half and have only to stomach half of future losses, waiting for rebound.
And of course you can proceed wit other half-solutions, bying/selling the half of the remaining half ( quarter of the original amount ).
First of all get your priorities straight player. Anyone who would take their life over $$$$$$$$$ is a dumb #$%$. Millions of people in this country are living the high life playing the system. Free rent, food, medical care, Obama phones... what else could you ask for? I have traveled all over the world and have seen poverty that most people can't imagine in their worst nightmare. Man up and stop acting like a chump #$%$ fool. Wait out the initial drop and sell on the rebound. Late.
You must be kidding, right? Did you see NFLX that made 0.23 per share. Apple made 13.81 and tucked away now 137.1B in cash. This is a $750 stock that is being punished. I would look to buy more down here for the ride up. If you liked it at 620 you will love it at $430.
Sentiment: Strong Buy
here is the key word luck. you want to put you money on luck? Shame on you. Do your own research. Teenagers are on top of the game of portable devices and demands. Poll them yourself at school lunch breaks or in a mall. I make sure bets and not bookie bets.