I'm looking at the technicals and it all points below $440. I'm planning on buying but thinking about waiting a-little longer. What do you guys think?
FYI: I have no positions in Aapl.
Even with the media hammering AAPL on a daily basis the stocks rallies back. Why? Well Institutional investors and Fund managers really don't care about what inning of the " Transition " period AAPL is in from a growth stock to a value stock. They need build a position before it's over.
Don't pay any mind to the credit-less morons who post on this board. with numbers that can't be supported by any charts, grafts, or weak fundamentals. I wish I had been ble to time the bottom but it didn't happen. I did get 30 percent of my position while they was blood in the streets at $442 to $446. Minus the $3.65 Dividend and the fact that I don't pay any fee's to trade. As we all know, the major players " Buy The Dips ". You need to do your own research and hope AAPL drops back. The problem is, it just isn't happening. Good luck with your investing.
Tuesday and Wednesday will be very critical from technical analysis. AAPL share price is on the crossroad. If AAPL hit $469 then struggle to get to $472 say in the next two hours, it will test $420 low soon, later this week. If AAPL test $470 successfully, it could get to $485 soon. Then another test on $485 to see if it could get back to above $500.
Would need the whole market to go down to get to 420. Heck you might not even get back in at 440. This fight to get more money out of the apple cash pile not going away. And will keep having pop days every time something mention about it..
Gains in 2012 were from 425 up to 703. 435 was a 78% retracement of the gains.. This is a very watched Fibonacci retracement (why it pans out is based on fear/greed/economics/statistics/etc) and usually it marks the bottom. Other Fib levels (38%, 50%) are often looked at too, but 78% is my favorite. I dove in with a small holding at the 50%, then doubled up at the 78%. 435 was the likely bottom...