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re: Apple is approaching $400....would you buy it before earnings?
Posted on 4/18/13 at 9:08 am to Duck
Posted on 4/18/13 at 9:08 am to Duck
quote:
don't make ignorant comments like the above.
Bad price "action", or major declines is kind of like the Suprme Court Judge said about p***ography, "I know it when I see it."
For examples of bad price action, look at AAPL, Gold, Silver, and mining stocks for the last few weeks and months. Trying to buy these after massive drops without there having been any upside or even sideways movement is arrogance at its finest.
For good "price action" look at real estate stocks (Home Depot, Lowe's, Lennar, Toll Brothers) starting in the summer of 2011. Look at DSX starting in late 2012. Hewlett Packard (sp?), Carlye Group (CG) etc. Did I catch these at the bottom? Nope. But I made a nice 15% profit in Toll Brothers and a 20% profit in Lennar Corp. I own DSX at ~$7.25.
Trying to catch the falling knife (or bottom pick) is not a good way to stay solvent. There is a reason a stock or a commodity collapses (percent drop compared to general market).
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