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I was thinking this might happen based on what happened last quarter but I can never tell which way things are going to go anymore short term. I was hoping for a pop over 150 so I can sell some more shares and balance the portfolio but I may have to wait a while. For me, the long term is most important and things still seem solid for Apple.
NAG1, thanks for turning me on to PED 3.0. Did you see the comment from Jerry Doyle on the PED Forest Gump Article?
"Over the years I long have emphasized why owning and “holding” even a few shares of Apple puts you way ahead. And why owning and buying right now is still a very, very smart move."
Never sell... never surrender! :D
You are welcome. I have found his site informative to the point of thinking about joining later this year.
I have owned Apple for about a quarter of a century right now. I have sold a fair amount to diversify the portfolio. I also just retired and sold some Apple last year to make sure I had enough cash on hand in case the markets crashed secondary to COVID. Apple is still too big a part of my net worth but I am selling at certain points to rebalance the portfolio.
Think what tanked the stock today was the news about the iPhone chip shortages.
Based on the vagueness of the earnings call comments, is it news or speculation? Yes, there was mention of chip shortages, but the reasons of said shortages remains unclear (at least in my book; feel free to help a brotha out if I'm misguided.) Could the hint of "shortages" be a demand "issue" and not as much a supply problem like the chicken littles are reporting? At least, that's how I took the 'news'. At the end of the day--right or wrong--the buzz and the market response decides the narrative, along with the actions that are taken, which will hopefully affect only the short term outcome of this amazing company.