Well I don't hold anything for more than a few days, but shorting Apple would be like picking a fight with God. :innocent: The euro is in the toilet, so buying that for when Germany finally gets Greece to leave. :clap:
Apple is a good investment, even if the vision of Steve Jobs is missing, Apple has such a big profit margin with its products, which can not afford an expensive development of new products. Apple makes its way further up.
Why you should buy Apple:
- Apple stock is trading flat between 132.9$ - 126$, entry point near 126 is great.
- Apple is releasing music services and this will influence the stock price positively
- Apple watch is doing well
- All long term indicators are BUY
Paul Robinson of CFDtrading.com had this to say about Apple:
"From a trading perspective, we were looking at a triple-top formation which came under fire on the rally up until yesterday. It now resembles something closer to a ‘quadruple-top’....
Past performance is not necessarily indicative of future results.
"Our first target is $116, then we look lower towards the $105 area. This begs the question – if Apple shares do in fact drop 15, 20%, or more — where do you believe the overall market is headed? After all, AAPL accounts for approximately 14% of the Nasdaq 100 as of the close yesterday."
I have my own thoughts on why apple has sold off this week. China, less than expected profits and general market sentiment but there was news of a new Apple tv near the end of last week and it's still making huge profits. Surely this is a buying opportunity?
I also like to look at the 13F filings. Vanguard, State Street, and Blackrock are the biggest holders in Apple. If they decrease their positions, a drop is likely to follow and vice versa. More funds have decreased their positions in Apple than have increased them. Vanguard has decreased their holdings in Apple by a bit. As long as you're not daytrading Apple, it sounds good for the long-haul whatever the price. I always leave some money there.