Just a few weeks ago I had 15K of the houses money. Lost most of it with this epic drop and to add insult to injury had to give up my remaining shares cos of margin call. I tried to wait it out but was forced to sell. Now I have a little money maybe to buy a few shares but otherwise pretty much wiped out. My own fault for not selling at 700. Easy come, easy go I guess.
Oh and to make matters worse, had I been able to keep my shares through today, I would have been in much better shape and may not have lost them. If we are up again tomorrow my call probably would have been history. The stock gods toy with me this way.
I have a lot of hope after looking at Amazon. Apple can just cut the price of the Ipad to $199, the mini to $99, they can stop making money and we stand a good chance of popping through $2000 by next quarter!
There is money to be made at these levels. I am worried about their long term project though. They are spending a record amount on R&D which suggests they must be working on something big that isn't a pink iPhone or different sized iPad.