Stop me before I trade again!
Hi all;
1) I did a obverse thing this morning and put in an order to sell 10% of my AAPL holdings when the stock hit 37.
I was afraid that the market would tank this morning -- and at the same time AAPL stock would continue to rise.
Even though I'm trying to hold onto all of my AAPL position for as long as I can, I wanted cash to redeploy in case of a blowout.
But at 9:45, when I saw the market maintain equilibrium, I cancelled the order. Good thing, by end of day it would've been filled.
Saved from myself yet again!
2) Took two iMac orders today -- and I'm only one of six doing sales sales. All 15 of our allotment is long spoken for. I have little doubt the shortage will help us clear out stock of the older G3s, etc. to those who just gotta have it.
3) I have totally intuitive, unsupported theory of what's been happening to AAPL stock these past few weeks. The common wisdom is that a falling market tends to take everything down with it -- and vice versa.
However, AAPL showed resilience and even defiance to a severe down market. As such the stock became, absolute share price notwithstanding, an even *more* attractive commodity than it had been in an up market. It has to be now viewed as a rainmaker, or at least, a pretty safe haven in a storm,
Such performance demands a premium and I think investors are noticing -- and paying.
August is going to be a wild and crazy month. |
