Why would you enter now on a downtrend? Can easily sell puts to get the premium and wait for a better price.
Yeah, that's what they said when I bought Google and Amazon below $100. In Jan 24 (if I'm wrong), I'll have an entry point at about $170...And can do another option. I have money to invest...Tired of the 5+% at the treasuries. PS I went to the local cafe/dive this afternoon. Three of the waitresses had Apple Watches. They make minimum wage plus tips...
All I am saying is that at a glance, MACD is trending down, Bollinger Band is turing south, I gave you that RSI is oversold but not a rush.
I do not take that into account...I look more at the "wide moat". Buying a dip on a HUGE wide moat company works for me. Buffett on the moat Buffett explained his moat principal at the 1995 Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) annual meeting of shareholders. "What we're trying to do," he said, answering a question from the audience, "is we're trying to find a business with a wide and long-lasting moat around it, surround -- protecting a terrific economic castle with an honest lord in charge of the castle." He then went on to explain some key traits a company with a moat must have: "What we're trying to find is a business that, for one reason or another -- it can be because it's the low-cost producer in some area, it can be because it has a natural franchise because of surface capabilities, it could be because of its position in the consumers' mind, it can be because of a technological advantage, or any kind of reason at all, that it has this moat around it." When he's found a business with a large moat around it, the next stage in Buffett's process is to try and figure out what's keeping the moat intact: "But we are trying to figure out what is keeping -- why is that castle still standing? And what's going to keep it standing or cause it not to be standing five, 10, 20 years from now. What are the key factors? And how permanent are they? How much do they depend on the genius of the lord in the castle?"
Was thinking of Lipitor and the wide moat... Way back when, I owned stock in Warner-Lambert... In 1996, Warner-Lambert entered into a co-marketing agreement with Pfizer to sell Lipitor, and in 2000, Pfizer acquired Warner-Lambert for $90.2billion.[112][102][108][109] Lipitor was on the market by 1996.[110][113] By 2003, Lipitor had become the best selling pharmaceutical in the United States.[106] From 1996 to 2012, under the trade name Lipitor, atorvastatin became the world's best-selling medication of all time, with more than $125billion in sales over approximately 14.5years.[114] and $13 billion a year at its peak,[115] Lipitor alone "provided up to a quarter of Pfizer Inc.'s annual revenue for years."[114] Pfizer's patent on atorvastatin expired in November 2011.[116
WB’s trades are always sell puts on his target price, and he waits. I sold all Apple in may/jun at 175ish via covered calls. Now is back to this range, so no time or money lost. I am not in a hurry to get back in. TSLA is my main trade now.