Apple Inc. (AAPL) Message Board
-
The parabolic move seems to have started about a month after the death of Jobs (serious discussion only please)
I was looking at the chart and noticed that from November 2011 the stock really started to move up a lot faster than it had the previous four years. I was thinking if you take this move out of the chart and continue the trend line at the rate it had been rising you would arrive at around Friday's closing price. Since markets usually overshoot there is probably some more downside but I don't think we break $400 and if we do not for very long. Thoughts? Could that trend still be intact? That puts the stock in the low to mid 600's by this time next year.
Sentiment: Buy
-
Could that move signify all the sheeple that wanted to get into Apple for the last of the "Jobs" products?
-
With my crazy math, I was around 525 based on a trend line starting at the lows right before the huge spike. I am glad I am not trying to trade this stock right now. Unfortunately I have a position, and I am overweight, but I made the mistake of trying to call the bottom. My last buy was at $509, increasing my position, but lowering my cost basis to a reasonably achievable level.
Sentiment: Hold
- 1 Reply to wait4itorsell
-
Funny, I had a buy at 508 thinking that was the bottom. I didn't actually draw a trend line I just eyeballed it.
-
bump
-
Any thoughts?
-