I have been burned several times when aapl gains $10 and the next day it gives everything back. It happened just yesterday when it went down to $452.xx for no reason and today it bounces back to $462. I think i am going to day trade for sometime untill we set a upward trend.........we maybe already in upward trend going from $420 to $460 but i still need some good news to back it up.
Untill then, let's make daily bets..........lol
I started my postion at $420 and held today.. Although I did do a little trading in and out the last couple weeks but still have the original # of 119 shares i started my postion with..
We crossed thru the 50day today and held pretty strong so I'm comfortable where its trading right now and gaining momentum and interest which will probably increase now that it closed above the 50 day
Sentiment: Strong Buy
I agree with you and i hope this climb is purely fundamental. I would hate to see such gains due to divi and share buyback because they don't help much in long run. The only reason i booked profits today is because this climb was gained on low volume.
Thugs were absent today but that doesn't mean they won't come back on monday.
Nobody ever got poor by taking a profit.
I sold 1/3 today, but wanted to buy back lower and it didn't happen. I really expected a reentry below 460, but no afternoon sell off to settle at the magical number and instead it closes near the high.