Ive seen stocks crash like this before and they never recover. I thought apple was different so I held on.. now I dont know what to do... walk away with a loss or hold on in the hopes that it will eventually rebound?
No one knows. Did you think stocks would recover when the Dow tested 6600 in March 2009? Apple was $85 then. Did you expect it to hit $700 in 2012? Prediction is nothing more than guessing. It's worse than pointless since it generates false confidence. Think of yourself as a rider on a train with an unknown destination. You can either get off or remain in your seat but you can't know where it's going until it gets there.
I think there could be some more pain in the short term. I'm long from $440 so I feel some pain, but I am holding and selling calls on my position to hedge (problem with selling calls is that you also negate some of your upside if it reverses, but it does help one sleep). I did not see it crashing from $426 yesterday and today, and it could drop to $350, but I have had the opposite experience of bailing out and then watching a stock have a rip your face off rally that would have regained my capital and then some. The question I am asking myself is that is it still a good company and my answer is, yes it is. The negative sentiment is extreme which means I think it is near a turning point back up. Good luck to you and me!
hey ps2gamer123, this is my first time posting on these board in a long time, ive been reading through your comment history and was wondering if i could help a bit. if you would like i can email you some appl charts explaining the recent drop and some future price action
Are you serious asking for help on Yahoo message board ???.
Their commands only make the the matter worse - long or short.
Just do your own research, and trade accordingly to your best judment and take responsible for it.