Quote:
Originally Posted by lewdog
The smart people like me bought in near $30. I've got a covered call for August for $37.5. If it doesn't hit I make some money but I am hoping it does so I can get out from this shit.
Apple has loads of money. Not likely.
I bought in on July 23rd for $188 and sold today on a limit order at $205. Not bad for a week's worth of work.
Apple usually has a spike, followed by a pullback after many good earnings reports. I may re-enter in a long position if it dips below $195 again but my always concern with Apple is it's composition share in many mutual funds I already own. When Apple does well, those funds usually benefit from Apple's gain. Not sure I want to add more investment risk for my long-term positions by loading individual stocks on a company that makes up so many other funds.
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Don't get cocky, sunfresh.....the market will show you how smart you thought you were but really weren't in a hurry.