I had major surgery last fall and have been healing, on painkillers, etc. Well, I have made bad decisions and I am still healing from my surgery.
In September 2012 I bought a considerable amount of AAPL, just before it dropped (650-700 range). I also made myself way too concentrated in AAPL.
I have never done options and since I have made such terrible mistakes of not selling when it was higher, I am not going to go into options and experiment now. I do not know what to do. I am devastated. I do not want to hear people's thoughts on God, that this "doesn't matter" (it sure does matter), or criticism. I want to hear advice, please.
I have enough money to live on and if I needed to go five years without working, I would be fine. I have enough to live on, so that I can wait this out if I need to.
What do you think the stock price could be in one year? Do you think I am best suited to wait til this possibly goes up? I don't know what to think anymore. I hear about China Mobile, Apple TV, buy backs.. but I just don't know if I am kidding myself.
Pleasee help me. I am still healing from surgery and I am not myself. I do not know what to do or what to think. Please advise.
Hold on , the selling is way overdone , based on sentiment and not facts . Their earnings were great and so is the future , do not listen to the #$%$ on this board . This is exactly where Buffet likes to buy when everything has gotten out of perspective and no one is talking about the underlying facts.
Sentiment: Strong Buy
buy nokia. just like you coming out of surgery. nok has been beaten down and just now is coming back from the dead.
new phones are really good and cheaper then apple and sums. china mobile deal has already been signed and 2 years contract requires no money down. Check the max chart, it will give you an idea of this co potential.
I would hold.Should rebound because Tim is not THAT blind to see what hurts his company.He will fix it.
Discloser : I lost lots of money while day-trading, so maybe do opposite of what I recommend is the way to go. Yhis is not a joke. I did lose money and I am really questioning if I should always do the opposite of what I thought was right...
My honest advise sell everything. The real reason of Apple depreciation will be known after the next financial report and later on. The eps will be detoriating for the rest of 2013. The trend always predicts fundaments. Market will be flooded with smartphones tablets and fat carries subsidy will go away futher pressurize apple's gross margin. There is no way Apple will get $700 for its iphone. The biggest risk for Apple could be also a new RIMM platform which is truly revolutionary and can easly shake smartphone's industry. We'll see in a copule days ... Maybe this is the new thing.
The sad part is that stocks are not for everyone and the general rule of playing only with money you can afford to loose often gets lost in the world of greed. Never purchase stocks that are THE trend of the moment. I got into Apple in 2005 at around 37$ and sold out between $610 and $640. Yes, I made good money but we must remember that at that time the stock was ranking up the numbers each day like crazy and when it hit $700 I remember some of my friends telling me how stupid I was to have sold so early. The thing is, timing the lows and tops is impossible, but playing the stocks that are too much in the spotlight is a sure way to fail. People remember the solar panel stocks, when LDK was $50, people were saying it was going to go to 100 or 200, its now what, less than $2 today. Same for First Solar, we all remember that one and the spotlight it had. Went from less than $50 to over $300 in no time and people were talking of $500 as the next step. Its now about $30. How many people lost their savings on these stocks even when the so called analysts were preaching miracles for them. Don't get fooled. Find stocks that are not too popular so far, stay out of the stocks that seem too grow with no end in sight. I recently sold DDD, got in late 2011 at a price in the mid teens and kept it until it touched about $50, then started to sell in phases until it reached $60 and I bailed out. Its now almost $70 and recently touched $72. But at a price/earning of over 100, this is not serious anymore, even if some analyst say this stock is going to $100 and then higher, good luck to them. I prefer to follow Buffet's 2 rules (don't loose money and don't forget about the first rule). And always, always, always use only a portion of your money on any single stock, even if the urge to pour in a ton of money on that miracle stock is burning you. Even the best horse can stumble while running for no apparent reason and in the end he will not win the race. Good luck to all.
My advice at this point is to just hold the stock. We're nearing a bottom if not there yet and the stock will turn around. It may well be a year or two before it reaches 700 or higher but there are a lot of things APPLE is looking to unleash later in the year. Also, they may acquire other companies, start buying back some stock and/or increase their dividend all of which will have an affect on the stock price. Don't sell near the bottom. There are many professionals starting to look at re-entering at this point.
Never buy APPL without first consulting with former VP Al Gore. This stock is toxic until it reaches $350. And if you are in need of a lot of medical attention and need money for it then the last place you should be is in the market. That is my free advice for the day. Good luck.
Sentiment: Strong Sell
Stocks is a dirty business, manipulated in several ways by professionals with huge cash to use against small embarassed investors, so let me say first of all that a person in your condition should get out from it immediately, and concentrate on his own health. The more if you may survive 5 years without working and gambling. Second, NO ONE in this world knows what will happen in a week: do you really think it's possible to tell you where AAPL will be in a year ??? Then you may believe anything. Third: since I've been trading with options for 7 years, I can tell you just this: be very very careful with options. Options are much more complicated than stocks, since you must be right not only with regard to the stock direction, but also to time decay and crazy volatility effects. AAPL options are very expensive, normally it's better to write them rather than buying them, anyway you must know very well what you are doing. Again, my sincere suggestion is to take care of you, your family and your interests. Enjoy your time.