I warned everybody who would listen AAPL back to $320
When Jobs left, this stock was trading near an all time high. It was around $625 when I dumped everything I had from $300s - and $400s. This idiot bought it around $550 and hammered me week after week when the stock was near $700. "It's gong to $1200." Yea, right. I warned him then that AAPL would trade around $300 within a year. I didn't short it-but I should have-because if you've been in tech over the past 15 years, you knew this plunge was guaranteed, especially when all the hypster analysts kept talking it up and dumping right into that hype. Remember Blogget and the lipstick on his little piggy?
Just a warning on all things tech:
1 when you get a 20% profit TAKE THE MONEY AND RUN!
2 short or buy puts on earnings announcements
3 dump into analyst hype, it's a sure sign they're selling
4 If you're still long AAPL, dump on every move up