I'd be careful here...I'M not bashing Apple but I took profits on Friday and waiting for a pull back...last week Apple gain more market cap then what Home Depot is worth...nothing goes up forever..everyday. Remember pigs get slaughtered...but good luck.
Same reason why people are buying today after this stock has been up for over a week and gaining more market cap in only one week as what Home Depot is worth (80+ billion)...greed and stupity. Don't get me wrong I'm long Apple but waiting to get back in. No share...none....goes up ever single day forever.
I'm long apple but I did cash out of my options...any intelligent person knows that this needs to take a breather...I'm holding onto my shares though (been riding them since $89 :)!! Hoping for a nice down day or 2 to get back in but only if it gets into the low 100's. Too risky otherwise in my opinion.
Finally an intelligent post! Thanks. I too am a Apple believer and made some big $$ but sold my calls recently. Don't pay attention to the children on this site. The math beyond Apple's recent move is staggering...some truly think that a stock can simply go up everday. I'm looking to get back in when this cools off a little.
Appreciate the great post!
Exactly...I don't know why I waste some of my time on here but obviousily this was expected...not stock goes up everday forever. This is a healthy thing in my opinion, just not sure how low it will go before I get in...good luck everyone.
So, NOW I will look at getting back into Apple...I suggested people wait for the stock to cool down a little when it was flirthing with $120....and was told that I was stupid...because you know, stocks go up everyday....
Told ya :)
This is nothing different than forever! There is always somebody putting Apple down for the last 10 years and look at the chart. I couldn't careless what anyone says...I use my intelligence and so far (last 3 yrs) I've made a killing. I'm smart enough to not buy into the emotional aspect...I didn't buy when this shot up to $119 but I'm looking now :)
Just following up on a previous post for the benefit of the novices who comment on this board...when I say I got into March 2015 calls yesterday (already made $$), I have no expectation of actually holding on to them until earnings...I see into the hype before...so really I don't care so much what the actual earnings are on that specific date. Been doing this for years and it has suited me well :)....
Ok back to bashing....
And up another 4% today...wow...Oil drops $45 to approx $55 a barrel, goes up a little and people but into this...omg...the market is truly crazy...
I agree...and think it will be over $115 by Jan. This last week or so was an incredible buying opportunity...imho. I picked up alot of cheap March 2015 $115 calls. Let's see what happens!
This just proves to me that once again, the average "investor" is truly an idiot. Why would anyone pay more then $55 for this is beyond me. 75% of this company is still oil production...true they hedge but this will come home to roost soon enough! Last time oil traded at $55, this was at $58 to $60...insanely overpriced.
Watch the market...oil could drop to $1 tomorrow but if it goes up $1 the next day...the media will say...WOW Oil up 100%!!! And suckers will flood in...
Explain yourself if your going to post something so weak. Actually it's wrong...almost 75% of this companies earnings still comes directly from oil production...it has done an extremely poor job of diversifying it's product lines over the last 20 years. A drop in oil will absolutely impact it's bottom line. The only thing going for this stock is that it is a bell weather and I believe some are betting that XOM will suck up cheap properties in the coming months (it does have a vast cash/credit reserve). Still insanly priced though even considering this.
OPEC is proving that it has the ability to crush demand whenever it wants to. This will create fear with non-OPEC producers...would you committ BILLIONS on projects were your break even is $65-70 per barrel knowing that OPEC can hammer the price of oil whenever it wants to? I believe this is what OPEC is trying to do...push down the market to a "reasonable 60ish per barrel cost...enough for them to make money but stop any modern supply from coming on stream.
Ah yeah that would be nice...if America stopped getting in the way of pipeline developments were we could actually buy Canadian oil relatively easily. That's NOT what we are currently doeing.
Just proves my theory that the average "investor" is truly stupid! If it's one thing I've come to realize over my decades of investing is that I give the players way too much respect. I found out that the key to most things is patience...and stand true to your beliefs by not getting caught up in their stupidity.
So, Oil drops in half and Exxon is almost at a 52 week high...Apple is superior on all levels (pending demand, value, dividend rations, global brand) and it can't get any steam....market is full of idiots clearly. Why would anyone buy Exxon (even if Oil was at $80), IBM, Twitter, Microsoft, Amazon, etc, instead of Apple???