Ah come on, I doubt anybody who went long at 450 is still in their position. They're all out or have turned around by now.
Funny how every stock has its day, this was once the go to stock, the stock that could do no wrong, fast forward and the stock is nearly down 50% from its highs! This is just another example that no stock or company no matter how big, no matter how popular, no matter how many products they sell, no matter how many people adore their products, no matter how many times they say how innovative they are, no matter how many people use their product there will always be a time when a transition takes place and what was is in no longer, so keep this mind when the next company takes off and remember it will not last forever, because it never does......
I know someone who is long a lot of AAPL from about 5 months ago. I told her 2 months ago this stock would get crushed. Understandably, this is just jibberish from some clown who doesn't really know. none of us know....i told her i traded a lot, but that didn't matter. i remember telling her before earnings, "just sell 1/2 and save some money." she says, ".........." nothing. so now $120 lower....and who knows..... this is a game of hope for people in the big-name companies... but samsung is way better... and a PC is much cheaper.... but i do like the ipod.....but not at the current price now i just hope AAPL goes to ..... hmmmm..... 199.
So my question is how do you know when a stock like apple has reversed, everyone says you have to follow the trend, when did the trend break on apple, because I feel the same thing with the market now, many people believe the rally is still in tact, when does it become a shorting opportunity, because right now its easy to say that shorting apple was the way to go, but you only know that after the fact. Look at the SPX is this the downward trend to 1500, 1475, 1425, 1380, 1250, 1125, sub 1000, every one always says stay with the trend...
You wouldnt have said Samsung is way better 2-3 years ago, you can say that today because you notice the change in units sold at Samsung today vs 2-3 years ago when they werent really taking away market share from apple! I got rid of my iphone back in December 2011, switched to samsung, I was actually waiting for the bigger screen etc etc, and apple didnt do it, so I opted out and went for the samsung, that iphone was the ONLY apple product I ever owned....apple is losing lots of market share, this was a given fact this was going to happen, when everyone thinks a company can own a market for so long its time think the top is near for that company, just like Rimm back 5 years ago!
yea, i agree. i liked RIMM 5 years ago. remember, i said to dump appl at 520....not 600 or 700. i travel a lot and see asians and europeans flocking to their samsung the way they did to the iphone. i've never seen such a quick shift before....well, from rimm to iphone. now samsung just needs some kool looking half-bitten fruit and it's all over.....
So, Apple is at $450 again. Where is it going from here? I was somewhat surprised to see a bounce at exactly 420 and 385.
I don't get 385....but 3 plus 8 plus 5 is 16......16th of this month is the most important day of the Gregorian Calendar, and according to the Chinese, the number 16 is the best day to SELL... 1616 years ago, someone ate and APPL and died. the King of Deymurtia. so.....for those clueless....... SELL SELL SELL