Im up 75% on Apple. Ive sold 35-40% of my position between 130-133. My gut tells me this thing is going to trend lower the next month. If it retraces back to 120 which I think is a pretty solid floor for Apple, Im going to put the money back on the table at that point. I dont normally trade Apple, but something tells me its going to 120. I just had to take some off the table as Im up big and dont want to get greedy.
These are the same analysts that said Apple would never go this high. So now that it is, they are downgrading it and saying it due for a pullback. I guess they have to be right at some point right???....what a joke. So if anyone listened to them, they cost themselves a lot of money on the upside. I actually happen to agree that it will pull back slightly from here and sold 10% today but for the same idiots that were wrong all the way up to say that its going to pull back is just stupid. Now if an analyst who has been calling it right all along made this call, then it would be worth a lot more. If I say a stock is going down over and over, ill be right at some point wont I? dumb
I use Wells Trade(Wells Fargo). If you have a $50,000 total relationship with them, you get 100 free trades in each account. I have an IRA, Roth, and non retirement account there so I get 300 free trades. I dont make that many trades in a year so everything is free.
It doesnt really matter which one they do. Both will result in a higher stock price. Most likely they do both at the same time. Even better
Isnt this the time of the year when Apple announces future share repurchases and an increase in the divi? Last year it took the market by suprise just how big of buy back they did. Everyone is focused on earnings and how many phones Apple sold...rightfully so. But....If Apple announces another large share repurchase, the stock will again move higher for 2015. We all know Apple has a ton of free cash flow and they are accumulating cash faster than they can count. I believe they will increase the share buyback again.
What happens when it goes higher? Then you missed out on the tax savings AND further appreciation