I still Love Apple the company, just not the Apple stock (at this time).
How do you cut the losses?
1. Get out before you lose more
2. Don't get emotional after losses
3. Re-think your Long strategy
4. Go Short (but this is very hard to do)
5. Find another place to invest (if you still have money left)
The problem with doubling down is that you don't know where the bottom is! And you just end up losing more and more of your hard earned money. In the past, I have used that strategy, and lost even more.
You can't change the momentum for a particular stock. It's governed by larger institutional holders and hedge funds. You can only be part of that momentum, can't change it.
And when the momentum is downward, you can only hope that it turns around in your favor. In the absence of any new news, that is almost impossible.
As I said earlier, I still Love Apple, but just don't like the Apple stock at this levels.
Why didn't you sell calls against your position? I have been doing it like a mad man. I have lowered my cost base below $500 and will continue to do so. You also get the divi. and there will be another increase this year. Apple is priced for -2% growth right now to 2015? I have held many companies that have come back from the dead: CTSH,Gildan, Imax. Buy when others completely hate the company.
Why is going short any harder then going long??? The stocks price has been in a down trend since early October-3/12 months already-which is a great short term price trend to make money. You NEVER get emotionally involved with any of these company. It's a technical game-bottom line. You buy dips in up trends & sell rallies in down trends & hope the trends continue & that's the entire game. I's simply trying to make money.
Ok, so because you jumped in the river off the bridge you want others to? No way Jose. This was an OE shakeout and nothing more. Sure, they will make it look like it's going to sit down here but remember greed rules. Watch the 580 call options and when you see it being bought buy the stock.
I am listening. 580 call options for what month? Do share your investing ideas. I am open to recovering losses, as is every investor out there. But you also have to be prudent and unemotional at times.