It was not a good 5 weeks, April and May so far. It has been a great 12 months. The closing price on May 4, 2011 was $349.57
Even after April and early May we (I usually mean me and the iWife when I use we) are doing all right in the world of investing and trading. More than all right really, already besting our best annual performance ever by a whole lot.
Most of us have been through this before, this price action, So far, it has always reversed itself and AAPL has surged forward to new heights, I do not expect this time to be any different, so I will continue to hold what I have. I did not have much in the way of short-term positions when the price decline happened, and part-way through it I closed 80% of our October position..
If Apple goes down to near $500, I will close the 15% of our IRAs that are in non-AAPL, dividend positions and push it all into the middle of the table to join our Jan 2014 $600 position. If Apple does not go down that much, I’ll stick with what we have until I close the October 2012 $600 position (about 3% of the total), and our Jan 2013 $550 position (about 5% of the total).
The hatches are battened down and I have nothing to do now but to monitor and wait.
It has been a remarkable 2012 for our account balances, and I predict they will be higher, substantially higher, at the end of 2012 than they are now.
Best wishes to all. |
