Buy when everyone is fearful...

Remember that AAPL stock at 330 and you wanted it to pull back to 300 to buy>???It is at 229 now....It's freaking 30% off....The company is still there and has billions in cash. Easy buy here....Wait til May when the virus dies, market will be back at least 5000-6000 points in Dow. So Apple will be back at least 300/share...

 

You’re wrong.

 

Not dipping my toe in till there is positive catalyst

 

Ideal buy price is 130$ per share.
That’s what I’ll call a natural correction on log chart.

 

And it was at $140 just over a year ago...

 

Sounds like we have a bunch of Kmart shoppers here.
Blue light special...30% off - it's BARGAIN TIME!

 

People are barely fearful.

 

4000 points rally tomorrow....TRUMP signed 4 trillion stimulus package

 

If you think it was worth $330 a share a month ago by all means step in and buy “on sale” down 30%
Personally I think the markets entire “margin expansion” move up the last 12 months on flat earnings means we were 20-25% overvalued BEFORE COVID.
So all you’re really getting now is an extra 5% off for the shutdown of entire countries and economies.

Not exactly an “easy buy” if you look at it like that.

But that’s why we have markets.
Good luck

 

There is a difference between fear without the fundamental reason and fear with a fundamental reason...