Quote:
Originally Posted by vapour_lock
appl did drop today after iphone announcement. care to share how you predicted the future? your reasoning? thanks. i woulda thought appl goes up. this is probably why i dont have stocks 
amazing.. |
Not just typical "buy on the rumour.. sell on the news".... even if the new iphone "WOW" the market, it will sell off no matter what!!! If you look at Apple run up from $120 to nearly $190 in 3 months without any BIG news (only those signing new phone carriers around the world, which is EXPECTED)... that's really a HYPE from the new iphone product.
IThis happened on every single conference they are having over the past few years...
The "iphone" run up happened weeks before... from $160 to high $180... that's the run up. NEVER NEVER bet on Apple on the earning calls and new product introduction. You never know what will happen, especially when stock markets are controlled by "big guys with billions of dollars"...
** One thing to really consider about Apple's earning for this quarter... they didn't not sell any iphone over the past 2 months.... That's will hurt their earning number for this quarter badly!! I am taking a WILD GUESS that Apple might hit $160 (or even try $150ish) before September.. if it really did happened... buy all you can.. cause the new iphone will be selling like hot cakes around the world!!
I covered my APPLE shorts at $177.68 this morning. $12/shares profit over the past couple days is pretty good for me. I have no idea which way Apple shares are heading to in coming weeks, since the new phone won't come out until July 11. So, it will be another month for Apple to have ZERO income from iphone sales! hmmmmmmm... Interesting!
Also, I covered MA (Mastercard) this morning at $279.21 and bought the shares back $279.88. Mastercard had their correction from $320 to $276.41 (today), that's almost 15% correction. To me, it's a good entry point to buy. I am looking for a quick run-up to over $310 over this week or so.. if not, I'll just add more shares to my MasterCard retirement funding.
If you need my help on any big-cap NYSE or Nasdaq stocks... give me a shout! I'll give you my view at the stock... BUT don't ask me financial or airlines stocks... I never pay any attention to them at all in my life. They belong to "High Risks with Very Little Return" stocks...
MDR is still pretty good to me.. up 5 days in the row, even the day when NYSE drops over 300 points.. and hitting new highs everyday with strong volume..
Also, you might want to look into FWLT & FLR... all of them are very safe bet as the oil price remains high...
I am trading gold stocks as well "GG" and "ABX"... I am predicting gold will hit $1000 again this year (hopefully before September)... IF it doesn't, sell Gold in September as US will hike interest rate to fight inflation! Rates go up, Gold will come down.