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How low is AAPL going to go?

Posted on 9/8/20 at 3:55 pm
Posted by GREENHEAD22
Member since Nov 2009
19575 posts
Posted on 9/8/20 at 3:55 pm
I picked up some when they split and it has been on a slide since. This is a long term hold so thinking of just keep adding to my position on the way down.

Going to move completely out of my Nike position and maybe my FCX to free up $ for AAPL and Workhorse.
Posted by Got Heeem
Georgia
Member since Sep 2012
3631 posts
Posted on 9/8/20 at 3:57 pm to
Hopefully it is close to its bottom. Wish I knew for sure
Posted by jmcwhrter
Member since Nov 2012
6545 posts
Posted on 9/8/20 at 3:57 pm to
doesn't help that Goldman took a shite on them this morning -- citing 33% downside
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48268 posts
Posted on 9/8/20 at 4:02 pm to
The past few days have been painful. My AAPL stock is worth triple the value of my 2nd largest holding.
Posted by cgrand
HAMMOND
Member since Oct 2009
38612 posts
Posted on 9/8/20 at 4:02 pm to
i feel like nobody remembers that in late march/early april, AAPL was the tech red headed step-child, and all the analysts were saying that plunging iphone sales would tank the company during COVID

it was trading at a split adjusted low 70's then
Posted by GREENHEAD22
Member since Nov 2009
19575 posts
Posted on 9/8/20 at 4:03 pm to
Yikes, I missed that.

While I don't think he wins if Biden does it could be a boom for metals especially copper which gives me pause on my FCX position.
Posted by GREENHEAD22
Member since Nov 2009
19575 posts
Posted on 9/8/20 at 4:05 pm to
So what is your long-term outlook on them? I am a laggard and as such am very out of touch with the tech side. I have pretty much missed the boat completely on it.
Posted by GREENHEAD22
Member since Nov 2009
19575 posts
Posted on 9/8/20 at 4:08 pm to
My trading account is 90% energy. Yea it is brutal with some what looks like genius moves sprinkled in . Just hoping for a miracle at this point so I can get out without too many folding.
Posted by castorinho
13623 posts
Member since Nov 2010
82010 posts
Posted on 9/8/20 at 4:13 pm to
quote:

So what is your long-term outlook on them?
bright. It'll be fine.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48268 posts
Posted on 9/8/20 at 4:24 pm to
quote:

My trading account is 90% energy. Yea it is brutal with some what looks like genius moves sprinkled in . Just hoping for a miracle at this point so I can get out without too many folding.

Luckily I sold most of my energy holdings a few years ago. I got tired of under performing the market. The only stock I'm losing my arse on right now is Delta. I jumped in too early when the Rona hit. I'm hoping to recoup a little more before I bail on that one. I'm not interested in investing in airlines long term.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14426 posts
Posted on 9/8/20 at 4:33 pm to
Almost pulled the trigger at close but the markets will be shaky for the next few months with elections. So only buying a few shares here and there. Picked up a few shares of fsly and workhorse today. buying apple is not really a bad idea will just give it a little time to settle with that huge run up it had when split was announced. valero is the only stinker i hold currently. maybe a while before i can break even on that one .
This post was edited on 9/8/20 at 4:37 pm
Posted by TheIndulger
Member since Sep 2011
19237 posts
Posted on 9/8/20 at 4:36 pm to
quote:


My trading account is 90% energy.


Dude...why?
Posted by GREENHEAD22
Member since Nov 2009
19575 posts
Posted on 9/8/20 at 4:55 pm to
A lot of it I picked up back in 16 and didn't unload when there was that run up in 18. Now I am stuck holding it. Looking at it again I am down to around 70%, with the only ones realistically worried about bankruptcy is CLR and SLB.

Should have sold all my SLB stock when I quit. I will be holding that foever.
Posted by el Gaucho
He/They
Member since Dec 2010
52886 posts
Posted on 9/8/20 at 5:39 pm to
I have an after hours workhorse order I’m itching to drop and I went hard on apple at like -5% today

All this bleeding sucks dick
Posted by Got Heeem
Georgia
Member since Sep 2012
3631 posts
Posted on 9/8/20 at 5:44 pm to
You're right Gauch. Da bleeding sucks
Posted by el Gaucho
He/They
Member since Dec 2010
52886 posts
Posted on 9/8/20 at 6:02 pm to
frick energy all my homies hate energy

Bailed out of Hal today. Made good money but also lost it hard in the last few days
Posted by GREENHEAD22
Member since Nov 2009
19575 posts
Posted on 9/8/20 at 6:08 pm to
I am debating just eating the losses and moving everything that is in tank to a high interest savings account or something similar. I am 12-16 months away from having to put a large cash downpayment on land and this account was supposed to make up a lot of it.
This post was edited on 9/8/20 at 6:20 pm
Posted by stewie
Member since Jan 2006
3948 posts
Posted on 9/8/20 at 6:28 pm to
quote:

just eating the losses and moving everything that is in tank to a high interest savings account or something


Hang tight
Posted by PotatoChip
Member since May 2014
3477 posts
Posted on 9/8/20 at 6:33 pm to
I’ll buy at $100 if it gets there.
Posted by el Gaucho
He/They
Member since Dec 2010
52886 posts
Posted on 9/8/20 at 6:36 pm to
Yeah don’t sell at the bottom even though that’s probably what I did today

It just hurt to watch something I had grown from a big arse seed double in size and then lose 10%

It’s gonna bleak for oil stocks til after the election
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