AAPL is killin me!

Trout74

macrumors 6502
Original poster
Feb 3, 2005
277
0
Man, AAPL stock is taking a beating. Couple weeks back I almost pulled the trigger and sold at 140, then it went to 146 and I was happy I didnt. Then is started to slowly slide and now man im hurting, I think I will just quit watching it for a few weeks and see what happens.

Trout
 

nando2323

macrumors 6502a
Aug 15, 2007
662
0
Man, AAPL stock is taking a beating. Couple weeks back I almost pulled the trigger and sold at 140, then it went to 146 and I was happy I didnt. Then is started to slowly slide and now man im hurting, I think I will just quit watching it for a few weeks and see what happens.

Trout
Yeah I feel your pain, I been watching that thing like crazy and its plummeting. But the whole market is so its no surprise to me.
 

bc008

macrumors 68000
Aug 6, 2007
1,718
0
Michigan
i know! i got 2 shares of apple for my 14th birthday, and its already at 114.86, i thought with the new imacs it would go up!
 

FF_productions

macrumors 68030
Apr 16, 2005
2,824
0
Mt. Prospect, Illinois
In the last couple of weeks the stock has just plummeted.

I was sitting here thinking the stock was going to go higher than 150.

After the iPhone got released, the stock went downhill from there.
 

kwood

macrumors 6502a
Jun 26, 2006
835
0
In the Great White North.
I'm not religiously following the market, but I have heard a lot on the news that the stock market in general is seeing a downward trend. A lot of countries and banks are fuelling billions of dollars into the economy to see if they can curve the negative trend.
 

jesteraver

macrumors 6502
May 16, 2006
333
0
Montreal, QC
I got rid of AAPL when they said Leopard was only coming out in October.

Plus the world markets now are having a hard time, soon going too be time to buy again.
 

macenforcer

macrumors 65816
Jun 9, 2004
1,248
0
Colorado
Yeah this really sucks. I should have sold at $140 but I didn't. It will come back up. I bought 2,000 shares at $15 a share back in 1990s. Think of how much I lost today. :mad:
 

TheChillPill

macrumors regular
Jan 6, 2007
239
0
Manchester, UK
If you own stock, and want to offload it, I'd suggest waiting until MWSF - traditionally you see big jumps around then - plus the iPhone will be on sale prior to that (Europe being a typically more advanced mobile market), so I would expect to see it top 150/160 around then.
 

kwood

macrumors 6502a
Jun 26, 2006
835
0
In the Great White North.
Yeah this really sucks. I should have sold at $140 but I didn't. It will come back up. I bought 2,000 shares at $15 a share back in 1990s. Think of how much I lost today. :mad:
But think of how much you have gained since 1990. ;) Just think it's not as bas as the 1930's. I wouldn't consider the windows of a tall building yet.
 

OllyW

Moderator
Staff member
Oct 11, 2005
16,748
6,366
The Black Country, England
That's the problem with the stock market, you are only gambling on confidence.

It doesn't matter how well the company you have invested in is doing, if the market panics then everyone takes a hit.
 

outlandos

macrumors regular
Jun 7, 2007
116
0
I think the stock still is overpriced and would wait till its around $100 again, which will be next week if we keep on going down like this ;)
 

IJ Reilly

macrumors P6
Jul 16, 2002
17,915
1,466
Palookaville
Welcome to the stock market. I wonder what happened to the guy who just a few weeks was bragging about about how much AAPL he'd bought on margin and how rich it was going to make him.
 

macenforcer

macrumors 65816
Jun 9, 2004
1,248
0
Colorado
The key to tech stocks is investing in a company you feel will be around by the time you are ready to sell. I plan on selling when I retire. You buy and forget about it. In 1999 I bought a huge amount of tech stocks and one month later they all doubled and I sold. Wish I didn't. Although I made a bunch of money that month, I would have made much much more if I never sold them. I kept apple and a few others on priciple. Best decision I ever made.