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Apple Stock Short Term

Posted on 8/23/16 at 9:41 am
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7226 posts
Posted on 8/23/16 at 9:41 am
What do yall think about Apple in the short term? I had bought some in the 90s as more of a short term play and was considering selling it. It seems to be overbought right now. I'm just wondering if the iphone 7 will help or hurt the stock when it's released in Sept.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 8/23/16 at 9:46 am to
It's a cell phone company.
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 8/23/16 at 10:33 am to
I did too and I recently sold it in the 108s. I like apple but theyre a lot riskier than you think, the iphone makes up the bulk of their income and android has 85% market share worldwide and growing. Apple is a cash flow machine, an all time great company but its worth $600b and any disruption to that income could be ugly for shareholders. It was a good buy down there but up here Id rather something else
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 8/23/16 at 10:48 am to
Short term?

iPhone sales this qtr were 20% of what they were this time last year.

With nothing big planned this year I'd sell asap.

Consider buying again in 2017
Posted by colorchangintiger
Dan Carlin
Member since Nov 2005
30979 posts
Posted on 8/23/16 at 2:32 pm to
quote:

What do yall think about Apple in the short term?


It is not a short term stock.
Posted by TIGERsinceCONCEPTION
Uptown New Orleans
Member since Jan 2009
1092 posts
Posted on 8/23/16 at 3:39 pm to
Stay far away from AAPL as a short term stock - it's risky. Every quarterly earning report can send it plummeting, but the upside isn't there to back up the downside.
Posted by Jp1LSU
Fiji
Member since Oct 2005
2542 posts
Posted on 9/18/16 at 12:49 pm to
I've been debating this myself. My current lot was purchased at the split and I've added quite a bit on dips. I'm considering lighting my holdings or dumping. It hasn't been great to own post split. If I don't sell at all before the next earnings report I'm not sure the one after that will provide a better exit point.
Timing the market with any particular stock is difficult to do, but as many people on this thread already stated the current levels are making a lot of people think sell.
I wish I would have bought some call options last week when the big sell of occurred before this current run up.
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