Last time I sold any AAPL (and indeed, the ONLY time I’ve ever sold a single share) I sold all my dividends at 132.00 The question now of course is …. the eternal question!
So over the past two years, with the dividends, I’ve raked in 1.78% per annum (if I calculated that correctly). Hey, the Federal Reserve target is 0.5 to 0.75 percent! But, of course, I’m hoping for an AAPL Trump surge and repatriation and everything coming up roses.
I have hesitated a few times if I should join this discussion. So I will start with this: do not believe anything that I say, I am probably wrong. You must reconsider every bit by yourself and then see how it applies to your particular situation (short / long term, your level of risk tolerance etc.).
I think Apple is not dying (as I have thought for the last 10 years), but in the same time their growth at this time is at best anemic. Yes, they reversed a trend, but only slightly, with the help of an extra week of sales. While I enjoy the market response with calls (I know, same old, same old), I am taking as much profits as I can. If it nears $135 or so I will try to buy some cheap short term puts. For a few reasons:
1) It is growing for almost three months with no break to breathe; as I said, earnings were good, but nowhere near THAT good.
2) While I usually ignore things like that, I have noted several times that gaps are usually filled; so I will just take a chance betting that the $121 – $125 gap will be filled, or at least there will be some attempts to do so.
3) Pros take 10-15% short term profits without second thoughts, and we are already there for the last two weeks alone; then they can repeat …
Thanks, Nicu, I appreciate the response. As you know, I am not a normal investor! I had the great good luck to get into AAPL at $4 a share for my IRA, and just kept it for laughs (I thought). I am of course in love with it, which is very dangerous for any stock. At 77 I should sell it all and leave it in cash. Ahhh but it is on a roll !!!!! oh what WILL I do? Anyway, thanks again!
It seems to have legs. Two years is long enough that the audience is different (even for institutional buyers). I think I’ll hang in there. Hope I don’t overdo it.
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