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Technology Stocks : Apple Inc.

AAPL 272.55

-0.1%

Nov 14 9:30 AM EST

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To: Bocor who wrote (147425)	12/27/2012 1:01:16 PM
From: Trader J	5 Recommendations Read Replies (2) of 213173

It's really a beautiful thing though as long as you're not in misery from higher priced trading positions and having to watch the decline. The hardest thing to do is to sell a losing position, but it has to be done. For the long holders here, the dip isn't fun but it's part of the game. I disagree about the buy and hold aspect of the Apple though. Buy and hold here is very different from the trading opportunity presented. I see no reason to trade into it here yet until we can get a capitulation day below $500 on volume ... and that's what I'm waiting for personally. But, at the same time, if I'm purchasing longer term shares for my parents or daughter (she really wants to purchase Apple now and she just turned 14), I have no fear of allowing them to take their first entry, as long as it's no more than a 25% position (not of total acct. value but 25% of the eventual position you'd like to own in Apple). Two very different games going on here and what the traders need is a capitulation day or a couple weeks of stability while the greater economic catalysts unfold.

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