AAPL up to $159.69!!!! we wanted 160 before April 19th
hmmmm ... close enough? ... was today the BIG REVERSAL?
APVDK was up 98% today, so if you owned it on friday (before our weekend RECO) you'da just hit a ground rule double, thats too much. DIP Logic being, that if we bought it on Friday we would have to have sold some today up 100%+ ...hmmmm... let's assume you bought at the open or in the first half hour of trading at $5.50ish... within a few hours you were up 30%+ , again too much too quick ... must take quick profits in 2008.
BOTD LONG AAPL 4 LIFE!
(still holding AAPL shares bought at $9 in 2001) ... go team!
p.s. KANSAS or MEMPHIS?
3 comments:
Kansas looks stronger
If you bought a $5 stock , and it went to $7 ....would you take some profits?
Depends on your original trade goal...right?
Have a sell target in mind before you buy.
How much are you allocating to this trade, how much profit is needed for the trade to make sense?
$1,000 invested with 10% gain.
$100 profit ... not worth it.
risk reward = boring.
10,000 trade, 10% return,
$1000 win...we'll take it.
$10,000 risk, 30-60% return ...$3000-$6000 bucks...hmmm... thats a mortgage payment, must take some profits. happy trading ;-)
$1,000 risk, 70-90% return, $700 to $900, take the money and reinvest in another trade!
$10,000 risk, 100%+ reward.
~~~~ beauty is a joy forever.
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