Monday, April 7, 2008

SUPER APPLE ~ APPLE INC COM (AAPL: NASDAQ)

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:

birdman said...

Kansas looks stronger

BUY ON THE DIP said...

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?

BUY ON THE DIP said...

$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.