AAPL Continues to Fall

Discussion in 'Buying Tips and Advice' started by johnnybluejeans, Feb 6, 2006.

  1. johnnybluejeans macrumors 6502

    Joined:
    Jan 16, 2006
    Location:
    New York, NY
    #1
    Anyone still in there for the long haul? Doesn't seem like there have been any stories explaining the recent 14 point shave AAPL has seen.
     
  2. stoid macrumors 601

    stoid

    Joined:
    Feb 17, 2002
    Location:
    So long, and thanks for all the fish!
    #2
    I think that few could rationally argue that AAPL stock was over-valued and poised for a dip at $85. However, I have had my eye on it for awhile, and if it dips below $60 I will certainly invest in it. It seems that I'm not the only one that would like to get into Apple shares, but the $85 was just too high and with the Intel switch not going the greatest (most pro apps not being Intel friendly) there has been some Wall Street uncertainty for the first time in a long while. I think that once the Intel transition is firmly underfoot in 12 months that the stock will resume a good climb.
     
  3. ~Shard~ macrumors P6

    ~Shard~

    Joined:
    Jun 4, 2003
    Location:
    1123.6536.5321
    #3
    As I have mentioned in other threads regarding AAPL, I shorted the stock at $85. From a technical persepective, AAPL was simply too high when it hit $85 in terms of its momentum, stochastics and RSI, and from a fundamental perspective, although its numbers would good for the quarter, they didn't meet WS's expectations. And of course there is the whole Intel switch as well causing some uncertainty.

    Got the short signal I was looking for, took it, and am making some very nice money again on the stock as a result. All is good. :cool:

    For anyone holding a long position in the stock though, don't worry, she'll rebound. ;)
     
  4. iGary Guest

    iGary

    Joined:
    May 26, 2004
    Location:
    Randy's House
    #4
    Good time to buy.

    Wait till the next Intel product comes out - up it goes.
     
  5. ~Shard~ macrumors P6

    ~Shard~

    Joined:
    Jun 4, 2003
    Location:
    1123.6536.5321
    #5
    Yep - I'll be looking at closing out my short position and buying soon as well. I'd like to see if I can squeak out $20 a share on this trade, but I also have learned many times not to get greedy. ;) cool:
     

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