No, I want everyone to make money. The more the better. Apple is a great stock, in its own universe. What a great, dynamic, creative company. I wish I had bought it at $10. I have noticed money leeching out of blue chippers today, too.
I have made sizable profits since re-entry in June (19% on a rotation of about 17 holdings - I'm down to 3 right now, with five option positions). I'm fully comfortable sitting out now until we get a pullback. I do not want to participate in ten ways to sideways.
So we sold into Friday. Certainly oversold in the shortterm hence the strong bounce into thge close. But the teetering brink of recession is bringing the reality home that everything is not hunky-dory at least in all areas of the economy. So what's up for next week. Data mining would suggest the next 5 days are about as bad as it gets going back 50+ years. Mondays are not usually great either. Data lately has been very spotty as to fuel to spark a rally. etc, etc, etc. I could be wrong as I have been so many times before but I'm still having a very hard time pressing anything long. At best neutral and mostly short.