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Started By
Message
Apple approaches one year high…
Posted on 6/5/24 at 11:16 am
Posted on 6/5/24 at 11:16 am
I’m am very novice at this, but would it be wise to cash in and sell and buy back in when it dips? It’s been down to $170 a few times this year; sitting at $195 right now.
4
Posted on 6/5/24 at 11:37 am to Tiger in Gatorland
Same question I’ve asked on here scores of times when these threads pop up:
Are you trading or investing?
One gentleman said he had a sell stop on AAPL at 190 a week or so ago. It hit and he lost his shares. That seemed like an awfully tight stop to me since the stock was around 192 at the time. But I assumed that he was trading, not (longer term) investing. He didn’t mention what his cost basis was or how long he’d been in the position… and you didn’t mention the details of your position either.
All that to say, I can’t answer your question with a meaningful opinion. I’ve held my core AAPL shares (in an investment account) for almost 25 years. But in a trading account, I’ve sold options on it and also traded the shares.
Are you trading or investing?
One gentleman said he had a sell stop on AAPL at 190 a week or so ago. It hit and he lost his shares. That seemed like an awfully tight stop to me since the stock was around 192 at the time. But I assumed that he was trading, not (longer term) investing. He didn’t mention what his cost basis was or how long he’d been in the position… and you didn’t mention the details of your position either.
All that to say, I can’t answer your question with a meaningful opinion. I’ve held my core AAPL shares (in an investment account) for almost 25 years. But in a trading account, I’ve sold options on it and also traded the shares.
This post was edited on 6/5/24 at 11:40 am
Posted on 6/5/24 at 5:23 pm to Jag_Warrior
I buy apple when it’s under 185, I hold when it’s above. I’m a long term investor though. Been doing great. Buy Starbucks when under 79 hold when above. Buy dinner under 90, hold when above. I set values based on historical data and stat discipline. And if you notice they all are dividends stocks so I always reinvest the dividends
Posted on 6/5/24 at 5:37 pm to Tiger in Gatorland
If you have to ask a message board when to buy or sell you really shouldn't be trading individual stocks yet or maybe ever. Most traders dont beat the market. Un?ess you have some keen industry insight I'd stick w index funds maybe dabble w individual stocks for a bit of fun.
Posted on 6/5/24 at 9:14 pm to Tiger in Gatorland
I sold about 60% of my Apple at $185. It's still the largest position in my portfolio. The stock has had a hard time getting much past where it is now. I'm sure it will just skyrocket now.
Posted on 6/5/24 at 9:49 pm to Tiger in Gatorland
Apple is holding a WWDC on June 10th where the rumor is they will announce AI in their fall phones. If so it may not come back down, but if they don’t announce any AI then it will probably fall back down.
Posted on 6/5/24 at 10:18 pm to OhioLSUfan
Its taken 4 years for Apple to get from $125 to $195
Posted on 6/6/24 at 6:12 am to Double Oh
People need to take into account stock splits
Posted on 6/6/24 at 9:45 am to MrJimBeam
But that doesn’t fit their narrative
Posted on 6/11/24 at 10:40 pm to RunningBlake
quote:
I sold about 60% of my Apple at $185. It's still the largest position in my portfolio. The stock has had a hard time getting much past where it is now. I'm sure it will just skyrocket now.
Man, what a rocket ship today!
Posted on 6/12/24 at 8:59 am to Sho Nuff
quote:
Man, what a rocket ship today!
Up another 3% today.
Posted on 6/12/24 at 9:04 am to NBR_Exile
All because they said the word AI.
Posted on 6/13/24 at 7:34 am to Civildawg
They’ll be getting a big bump from upgrades to iPads and iPhones. Anything without an M class processor will be obsolete wrt AI. I’ll personally be looking to upgrade my iPad Air 4th gen and iPhone 13 Pro in the next 6-12 months.
This post was edited on 6/13/24 at 7:36 am
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