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Stand by for big AAPL drop
Posted by: Ombligo
Date: October 31, 2017 07:48PM
I just bought 50 shares today, that just about guarantees a 30% drop in the near future. So get ready for a buying opportunity.



“No persons are more frequently wrong, than those who will not admit they are wrong.”
-- François de La Rochefoucauld

Growing older is mandatory. Growing up is optional.
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Re: Stand by for big AAPL drop
Posted by: ka jowct
Date: October 31, 2017 07:51PM
Yup. That’ll teach you to muck with our investments.
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Re: Stand by for big AAPL drop
Posted by: Microman
Date: October 31, 2017 08:15PM
Every day lately since the release of an iPhone, it has gone up 3-4 dollars.
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Re: Stand by for big AAPL drop
Posted by: GGD
Date: October 31, 2017 08:19PM
They will be announcing earnings on Thursday after the bell. That will probably cause it to move, but which direction is unknown.
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Re: Stand by for big AAPL drop
Posted by: Speedy
Date: October 31, 2017 08:39PM
Quote
Ombligo
I just bought 50 shares today, that just about guarantees a 30% drop in the near future. So get ready for a buying opportunity.

Nice to see I'm not the only one who buys high and sells low.



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: Stand by for big AAPL drop
Posted by: Ammo
Date: October 31, 2017 08:53PM
In the short run, stocks go up and down. The only thing that matters is the long term trend unless you are trying to make a quick buck, and good luck with that.



Where is there dignity unless there is also honesty? - Cicero

Be kind, for everyone you meet is fighting a battle you know nothing about. —Wendy Mass



Edited 1 time(s). Last edit at 10/31/2017 08:55PM by Ammo.
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Re: Stand by for big AAPL drop
Posted by: vision63
Date: October 31, 2017 10:15PM
Animoji. Do not underestimate the power. This will be explosively popular.
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Re: Stand by for big AAPL drop
Posted by: mikebw
Date: November 01, 2017 08:37AM
Quote
vision63
Animoji. Do not underestimate the power. This will be explosively popular.

Especially the poop emoji.
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Re: Stand by for big AAPL drop
Posted by: Zoidberg
Date: November 01, 2017 08:50AM
I bought a nice bunch at $91 ish some years ago. Missed the opportunity to get twice as much in the late 1990s when it was around $13 a share. Before the split.

Sorry, had to go throw up again, remembering that.

I did get one share from that era -- it's framed on the wall. Several times a year, I get a $7 +/- check from Apple b'c of it.



YMMV (Your Mileage May Vary)
TETO (To Each Their Own)

(BTW, it's spelled < y'all >.)
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Re: Stand by for big AAPL drop
Posted by: ka jowct
Date: November 01, 2017 09:03AM
I wish I’d tried to buy in 1991. I told my dad to buy some but of course he didn’t.
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Re: Stand by for big AAPL drop
Posted by: NewtonMP2100
Date: November 01, 2017 09:17AM
....look at ticker.....it is dropping....



_____________________________________

I reject your reality and substitute my own!
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Re: Stand by for big AAPL drop
Posted by: Billybob
Date: November 01, 2017 09:20AM
I wouldn't be a buyer or seller now.

Aapl usually moves significantly (several percentage points) around the time of earning announcements. It's been moving up lately, so it may be too late to benefit from the increase. In the past when this happens--usually in anticipation of a good report--the gains are baked in before the announcement and the movement will be generally down afterwards. Of course if the report is even better than expected, there may be more room to rise.

I guess all I'm saying is that the stock is likely to be highly volatile for the next few days/week. If you're buying short term, you'd do just as well gambling in Vegas. However, if you're buying to hold for several years, you will likely do just fine.

Of course, I'm one--of what appears to be a minority--who thinks that Cook is doing just fine at the helm of Apple.
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Re: Stand by for big AAPL drop
Posted by: Ombligo
Date: November 01, 2017 09:29AM
It's a longterm purchase (minimum of six years, likely much longer)



“No persons are more frequently wrong, than those who will not admit they are wrong.”
-- François de La Rochefoucauld

Growing older is mandatory. Growing up is optional.
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Re: Stand by for big AAPL drop
Posted by: Rick-o
Date: November 01, 2017 09:29AM
All that's left is to assign blame.

Nice going, Ombligo!! mad2 smiley

I've been an AAPL buyer since 2000. I wanted to get in a few years before that, but never tested the waters until the millennium.

That said, I've been buying when I could, waiting for dips. I've been rewarded handsomely.

Oh, and I also think Tim Cook is doing just fine. We might not be getting the hardware we want, but he's keeping the company in good shape. I suspect some great things announced in the near future.



Mr. Lahey: A lot of people, don’t know how to drink. They drink against the grain of the liquor. And when you drink against the grain of the liquor? You lose.

Randy: What the @#$%& are you talking about?
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Re: Stand by for big AAPL drop
Posted by: 3d
Date: November 01, 2017 10:31AM
Aaaaand it's dropping...
2 hours into the trading session and you just lost $85. SELL!!
devil smiley
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Re: Stand by for big AAPL drop
Posted by: DavidS
Date: November 01, 2017 11:54AM
Quote
Zoidberg
I bought a nice bunch at $91 ish some years ago. Missed the opportunity to get twice as much in the late 1990s when it was around $13 a share. Before the split.

Sorry, had to go throw up again, remembering that.

I did get one share from that era -- it's framed on the wall. Several times a year, I get a $7 +/- check from Apple b'c of it.

I still throw up remembering the 75 shares I sold at $13 each in 2002. Yes, I'm the only person I know who lost money on AAPL. Fortunately, I finally got back in before the 7:1 split and have doubled that investment. Not nearly what it would have been, though.
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Re: Stand by for big AAPL drop
Posted by: Buck
Date: November 01, 2017 12:11PM
Why buy single stocks? Way too risky for me.
Some of you must have money you can afford to lose.
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Re: Stand by for big AAPL drop
Posted by: Ammo
Date: November 01, 2017 12:29PM
Quote
Buck
Why buy single stocks? Way too risky for me.
Some of you must have money you can afford to lose.

Low-fee mutual funds are anybody's best bet. AAPL has been a rare exception to that rule.



Where is there dignity unless there is also honesty? - Cicero

Be kind, for everyone you meet is fighting a battle you know nothing about. —Wendy Mass
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Re: Stand by for big AAPL drop
Posted by: Zoidberg
Date: November 01, 2017 12:47PM
Quote
ka jowct
I wish I’d tried to buy in 1991. I told my dad to buy some but of course he didn’t.

My dad and his accountant laughed off my recommendation in the mid 90s, saying that Apple was doomed and they'd be lucky if there was a buyout offer in a few years at about half the stock's trading price.



YMMV (Your Mileage May Vary)
TETO (To Each Their Own)

(BTW, it's spelled < y'all >.)
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Re: Stand by for big AAPL drop
Posted by: Billybob
Date: November 01, 2017 02:25PM
Quote
Buck
Why buy single stocks? Way too risky for me.
Some of you must have money you can afford to lose.

I generally follow this rule. However, if I know enough about the company, I'm willing to break the rule. AAPL is one of those exceptions. I bought and sold AAPL for the last decade. When I realized that this approach was costing me more than I gained, I just held through the ups and downs.

Now AAPL is approaching 10% of my portfolio, it may be time to trim my holdings.
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Re: Stand by for big AAPL drop
Posted by: digby
Date: November 02, 2017 08:21AM
Quote
Zoidberg
Quote
ka jowct
I wish I’d tried to buy in 1991. I told my dad to buy some but of course he didn’t.

My dad and his accountant laughed off my recommendation in the mid 90s, saying that Apple was doomed and they'd be lucky if there was a buyout offer in a few years at about half the stock's trading price.

I had a wife laughing at me. This was back in the "beleaguered" days, and I only bought 20 shares... but I'm glad I did.

smiley-music039
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