I wasn't going long on apple. Again I repeat AAPL will try to make a run to 140 area if the general market is up. If the market is down AAPL will close the gap it made last week and you can figure that. One things is certain, AAPL will not stay at 120-125 area . The volume has picked up recently.
I would be careful with aapl. I was in an apple store store Sat, it was very busy HOWEVER PE is still way to high, consumers are now just starting to pull back, this is a consumer discretionary product. If we lose more jobs, this will go lower. UK starts having issues like they are apple can not remain at this level. I love the product and like what jobs is doing however the lam duck economics of the USA will crush it if this sub prime credit problem isnt fixed
They haven't even missed or guided lower and it got crushed.. What if they do ???????? do you wake up one morning and its at $75 its possible. I would not go heavily into this. I'll take a lite bite at $110-100... the market is do for its next leg down.......
Wait till AAP drops below 100 to buy, no need to chase a stock that in the last year has returned over 125%, there are plenty of other better investments besides apple.
Any news on Apple? Right now at $121.16. Market downturn has whacked it after the good news, but even then, it's just not holding up well at all. $100 seems more likely than $140 right now.
Where would a beginner investor learn more about P&F charts and how to analyze and use them? Any good books or other recommendations?
I would look here. http://www.amazon.com/Point-Figure-Charting-Application-Forecasting/dp/0470043512 Also there are many things on the internet. Just google. Stockcharts.com has a lot of useful info on p&f charts.
Two analysts downgraded. WTF, didn't they listen to the CFO tell them they were gonna make the number? 132 to 118 (intraday low) just like that in 2 days. F*cking roller coaster.
I bought a little today at 120.85. The way I look at it is a 6 dollar risk for a potential 16 dollar gain is a pretty damn good r/r.