Why do I get the feeling this is a run up to an eventual sell off when the new iPhone is announced. The old buy on the rumor sell on the news.
You hit the nail on the head in my opinion. Looking back at historical pricing around launch time, the price tends to go down after products are released. Some claim it is because the impact of the new products are already factored in.
I just bought a (to me) large quantity of apple shares to hold for a while. With these recent gains, my instinct is to sell, capture gains, and get back in on a dip. But I do think apple is still ripe for growth. So I am going to hold.
Investing and not trading is a new thing for me. Only done it once before.
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Gotta give it up to apple. It just shows that people have no idea what they're talking about when they say a company is doomed because their stock fell
I dont like a number of things Apple has done recently. Or at least I should say I do not have information to lead me to understand what and why they did some things.
But with the amount of cash they have on hand, they should never be underestimated.