I've been buying and selling aapl for 8 years now, (straight issues only, not options) and believe it or not, it's made me quite a bit of money.
Good to hear you've done so well.
I agree with you in theory. The analysts are so clueless about AAPL, that it should be easy to outsmart them. In all honesty, though, a trading strategy wouldn't have worked for me in the last six months. I wouldn't have predicted the extent of either of the two big movements--the drop from $22 to $13 from Nov to Dec, or the rise from $13 to $27 since Jan. My average price should really be $13 or so, but my timing has been so bad that it's $19 instead.
Maybe I just need more experience. You've been at it for 8 years, me for a half a year. You probably anticipated things like the tax selloff in 12/97, but I'd never heard of it before. Plus my purchases are so small that commissions take a big bite out of profits.
Good to know that it's possible to trade profitably in AAPL, though.
rhet0ric |
