I actually went short about a month ago, currently short 300. Probably wrong timing, yeah, I know. So now, of course you can guess I'm hoping for a pullback - I like to think of it as a "correction" just to make myself feel better.
And here we are right now (earnings call coming after close): it looks like action is a bit mixed going up and down, but mostly negative. With no new items coming out (my guess) until WWDC and iPhone 4, I've got my fingers and toes crossed for the "correction".
What do you all think? Am I crazy?
I have a bottle of Lagavulin coming to me if AAPL breaks 300 by Jan 2011. I think it might do that before August 1, 2010 now!
AAPL now has 41 Billion in cash.
1.3 Billion sales from China in 6 months - a very good start!
OS's that work, and match up to geeks AND grannies equally well now with iPad.
iPhones that obsolete themselves every Summer! Haha! We are going to keep buying new one's every year! If you "hold out" for the next version, you soon realize you just wasted a year of your life waiting for the better one. Apple is pushing to humanity the sweet digital life.
Every time I talk to a Windows geek, they tell me their problems, and they all swear they are moving to Mac, if they haven't already. Very few holdouts now - they all admit that Windows is the past, Apple is the future.
So with all these things, would I short AAPL stock? Haha! No, I wouldn't. Instead I would buy next time it drops below 245 and just watch the ticker carefully. I wouldn't just buy and forget it. Buy and be forced to watch every day to see what the latest Chicken Little story turns out to be, and keep your finger on the trigger to sell if you lose 20%, but not until then.
That's what I say, and I have been right overall about AAPL for many many years!
If you enter the market prepared to lose 20% and ready to accept losing up to 20% on your investment, you will have the right mental attitude to make a lot of money with AAPL. It's a volatile stock, and nobody can time the market reliably. So when you buy in, you have to accept some fluctuations, but if you hang in there - I believe strongly that you will soon have tidy profits locked up in your AAPL shares - AAPL is making new markets. Trees do not grow to the stratosphere, I know that already, but with AAPL you have incredible growth possibilities! I have been acquiring AAPL since 1990 BTW!
