Apple Behaving Badly

B

ByLoSellHi

No one knows where this stock is headed, but it has dropped $15 from its (after hours trading) high of $99.89 after it released Q4 earnings.

If it drops to $50 to $54, I may buy some.
 
Im not suprised if it drops further, the run has been long and strong for months, to see it pullback is no suprise.

However this 100 point pullback is certainly a suprise.
 
Too low. I buy some at $80-82. Then again if it drops further. I doubt it will get to August 2006 lows unless entire market gets bearish.
 
“When I am bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don’t buy long stock on a scale down, I buy on a scale up.”

“Remember that stocks are never too high for you to begin buying or too low to begin selling. But after the initial transaction, don’t make a second unless the first shows you a profit. Wait and watch.”

-Jesse Livermore



Dr. Michael Roberts
www.marketbarometer.blogspot.com
 
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