AAPL Starts Selling iPhone5 in China Dec 14 - Stock will go up in anticipation of the launch
I am long apple and have been long for several months. Unfortunately I am massively down. My break even is 615.00.
I am considering selling everything tomorrow before the market opens. I really really dont want to.. and I was considering selling last week around 580 but couldnt pull the trigger, greed got the best of me.
Do you really think apple will see 580+ again? At this point I would love to sell 580+ I would still be underwater but not as massively as I am now.
Just buy some low strike puts to sleep at night and be patient. There is a lot of nonsense and we are in crazy times. I've seen this before when companies are under duress because of outside forces that have nothing to do with fundamentals. Remember, momentum goes both ways. Don'tbe shocked if this moves 100 points up in a week. Stocks goe from 50 to 60 all the time, this is no different. The fundamentals are sound, that is what matters.. And turn of the media pundits..
Beware the "Wash Sale", selling at a lose means you can't buy back until 60 or 30 days...., not quite sure which, at a lower cost basis.
Stay long, look at the fundamentals. GO to an Apple store at any time this Christmas season!!