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Started By
Message
Now is not the time for fear in the stock market
Posted on 11/8/12 at 9:45 am
Posted on 11/8/12 at 9:45 am
I'm thinking we are about to have a very nice move to the upside.
The fear mongering points to Obama. I point to Benny having started printing 40 billion a month 1.5 months ago.
Areas I like are Tech (SMH), energy, real estate (XHB, LEN, HD, TOL), and commodities (GLD, GRU, PPLT, etc.)
I should add that the ones in () are my favorites. I own some but not all.
The fear mongering points to Obama. I point to Benny having started printing 40 billion a month 1.5 months ago.
Areas I like are Tech (SMH), energy, real estate (XHB, LEN, HD, TOL), and commodities (GLD, GRU, PPLT, etc.)
I should add that the ones in () are my favorites. I own some but not all.
This post was edited on 11/8/12 at 9:53 am
2
Posted on 11/8/12 at 9:51 am to Gujam8
A lot of Apple corrections in the past have declined 15 to 20%. Apple is currently down 22% from its 700+ high. Apple does need to put in a bottom soon or that would be worrisome.
Posted on 11/8/12 at 9:54 am to LSU0358
Needs to hold $550.
I look at the fundamentals and I really don't understand why this stock is down 22%. The valuations justify a $1,000 stock.
I look at the fundamentals and I really don't understand why this stock is down 22%. The valuations justify a $1,000 stock.
Posted on 11/8/12 at 9:59 am to Gujam8
quote:
I really don't understand why this stock is down 22%.
I think you have a lot of people are taking profits to only have 15% on long term capital gains tax instead of the likely 20% (plus 3.8% for Obama care) long term capital gains that could possibly start in 2013.
I think that's a mistake, as I agree Apple still has potential to head towards 1,000.
Posted on 11/8/12 at 10:45 am to LSU0358
Apple was over owned by too many hedge funds and big players. they need to trim position back to a market weight. when Apple produces EPS that beat street, then they will rush in to over weight the stock again and push it up substantially. until then, at a minimum, be careful.
Posted on 11/8/12 at 10:52 am to Larry Hollins
quote:
be careful
Agree. Anything with apple at this point should be viewed as a trade, not a long term investment.
I had about 100 shares for a few weeks and took the profits in April 2009.
Posted on 11/8/12 at 11:17 am to LSU0358
quote:
took the profits in April 2009.
Missed out on a huge run up then..
Posted on 11/8/12 at 12:34 pm to LSU0358
Is nobody looking at the fiscal cliff that may be reached at the end of December? Even if decisions are made to avoid it, I believe stocks will still decline a bit due to uncertainty and fear before it goes up.
Posted on 11/8/12 at 1:01 pm to Gujam8
quote:
Needs to hold $550.
Blew right through it Guj. I am going to part with my last ones if it goes to 500. I will buy back maybe mid December if it falls some more.
Posted on 11/8/12 at 2:15 pm to Jed Zeppelin
If you (anyone) did not currently have any apple shares at what price would you jump in at?
I'm in my mid twenties and don't own any stand alone stocks.
I'm in my mid twenties and don't own any stand alone stocks.
Posted on 11/8/12 at 2:17 pm to Gujam8
quote:
AAPL keeps going down
AAPL died with Steve Jobs. It's been a zombie since then and it is becoming apparent to the rest of the world now.
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