Disclosure: I have a vested interest in this stock. Investing is risky and you should not invest your money based on anything you read here. Consult a competent professional before investing any money in any type of investment.
Ok, so you can read what I had to say about AAPL yesterday – which I bought a few days ago on Friday.
My intention is to sell some time today, on Tuesday.
I am doing this for the Earnings play.
Yesterday the stock market as a whole dropped on worries about the Euro and speculation about the break up of the currency. Which probably won’t happen for a long time, if ever.
But news and fear drives the stock market.
However, true to my thoughts. Appl barely moved below its price on Friday.
My theory is that many players will be lining up to play AAPL today.
The price of the stock should move up drastically today. And I will sell sometime today.
However, I could be wrong, it has certainly happened before.
This is my guess about what is going to happen today.
However, I could change my plan, to be inline with changes as necessary.
Ok, we will see how it goes today. Comment below as you wish.
Again, do not invest based on anything you read on this blog. I’m an amateur at best and investing is always a risk.
AFTER HOURS UPDATE
I just checked, AAPL is up $30 in After Hours Trading.
Well, I said above that I reserved the right to change my mind as the day went on and that is what I did.
I held on to the AAPL Stock into earnings and DID NOT sell today.
The stock was behaving in a way that I did not expect. It was down for the day. And on top of that volume was pretty much even with the 10 day average.
This meant that the ‘smart money’ was staying put and that got me to wondering. ( Not that I’m saying there is insider information floating around with those institutional investors or anything like that… )
Just saying the ‘smart money’ must have suspected something. Therefore, I made the decision to stay in.
After reading all the naysayers on twitter, I have to admit that I got a bit nervous.
However, when earnings were announced it was clear that the naysayers were mistaken.
So, I held on to AAPL this time and if there is another meteoric rise like last time (after the last earnings report), then I will be glad that I did!
You can comment below…
You might also enjoy: