Before I tell you what I have done, I need to give you the standard disclosure necessary anytime you talk about your personal stock investments! 🙂
So, my disclosure: By the time you read this: I am invested, will be invested or have been invested in this stock. I have a personal interest in seeing it do well.
You should not invest based on anything you read here or on this site!
You should seek professional investment advice before investing in anything of any kind. Investing is risky (sort of like gambling, but not exactly) – Don’t waste your money…
I Know Little About Investing – So Watch Out!
By the way, I am an amateur investor, I don’t even use options which is what I have been told I should be doing. But I don’t know much about them, so you can ‘educate’ us in the comment section below this post. Looking forward to hearing from you!
Ok, so Friday – That would be Friday April 20th, 2012, within the last 30 minutes of trading for the day, I purchased some AAPl (Apple) stock.
Why did I wait until the last 30 minutes? Because the stock was being pressed down all day long by more experienced and more organized traders (just my opinion, not necessarily fact!) and I wanted to get the best price. So I waited.
I don’t have the numbers in front of me and I’m too lazy to look them up right now. But, I got in around $572 . per share.
My Previous AAPL ‘Disaster’
My previous trade with AAPL: Well, ok, it was still a profitable trade, but I missed out on well over a hundred dollars per share (YES! You read that right). You can read about this minor tragedy here:
Talk about painful. OUCH! 🙂
So Why Now?
After such a painful experience, you would think I would just stay away from the stock, right? Well, that is how I reacted for a long time. I didn’t want to believe it would keep going up and up – but it did!
And I was hoping for some type of correction. But, that did not happen. After AAPL topped $600 per share, I knew that it wasn’t going down anytime soon.
That brings us up to today:
Low and behold it is now time for the next earnings report.
This is the Play that I like the most. I like to play into earnings. AAPL is ‘expected’ to have a $9 + something per share earnings report after the market close on Tuesday. Rumor is that the real number will be about 20% higher.
However, you can’t trust rumors can you? So, it is a risk. Anything can happen.
But I’ve decided to play it anyhow.
Historically, over time, you can see that most stocks will decline after an earnings report. However, this is where I went wrong on my last AAPL purchase. AFTER the last earnings report is when AAPL started to skyrocket.
So, what do I do THIS time? Do I hold through earnings or do I get out before the earnings report comes out? What would YOU do?
Scary, isn’t it? Unpredictable! Unless you happen to be one of the trading insiders (that I believe do exist) who work in tandem to push a stock up or down.
But, I am NOT part of that hypothetical group. Therefore, I have NO idea what is going to happen!
Anyway, I have to decide soon, because AAPl will report earnings on Tuesday, April 24th 2012 -AFTER the market closes – or at least that is what I think I read. 🙂
What Would You Do?
If you have any thoughts, now is the time so share them. Comments are open below
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