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kitsapbabe (98.81)

Friday, September 21, 2012 is the big AAPL Day

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September 17, 2012 – Comments (3) | RELATED TICKERS: AAPL

Well I have to say I am very excited for this Friday, September 21, 20112. As you might have caught in the news the company know as Apple Computers or just Apple I guess is releasing the new Iphone 5 to its' Apple stores. From what I see on the cable news channels the people are already lining up and camping out in line tonight which is only Monday. 

So to be all on the up and up I am delighted to freely disclose that I am the proud owner of a bit over 300 shares of APPL that I got in for at $180 per share some years back.

I am considering maybe after the sure to be bump on Friday's release, to maybe sell 50% of my shares at hopefully $725 or more and preserve some of my winnings? Dare I sell half?  Is APPL going to really be at near $900 by years end? Will I be sick to my stomach if I sell half and AAPL reaches $1000 per share by next spring?

I need some advice my foolish friends? Please help? 

What should I do? 

kitsapbabe 

3 Comments – Post Your Own

#1) On September 18, 2012 at 2:37 PM, Mary953 (41.06) wrote:

To quote an old friend "It never hurts to take a little money off the table."  For my part, the first trade I made took an immediate drop that lasted almost 30 minutes.  I was grateful to get my money back out intact, then felt ill as the stock rose 50 points over the next month.  I had chosen an ultra 3X without knowing what that even meant.  By the end of the month I had a second rule to set beside the first.  

Don't look back and don't play "If only" games.  You will Never ever hit everything perfectly, call every high, every low, win every hand.

Apple is a great stock, if volitile.  Take out some so that you "bank some profits."  Put a stop into place to keep a portion from sliding lower than your pain point, and then keep a watch on the rest.   FWIW, I am buying more even at this price although my fingers are singed a bit and I keep recalling that the price was below $500 just months ago.  Ouch Ouch!!  (don't look back-don't look back-just keep repeating)    ;)

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#2) On September 18, 2012 at 2:47 PM, WikiCPA (46.51) wrote:

I've been in this position so many time that it hurts to hear about it. My advice would be to look back to that time when you bought it at $180. What were your goals for that purchase during that time? Did you want it to double? Triple? Or did you want to hold these shares until you retire? Now that you've seen it triple and even more, these new emotions come flowing in that cloud your judgment and decision that you had in the first place. In my opinion its always feel better to say 'ah well i trusted my gut' then, 'i shouldn't have listened...or been afraid of..so and so'

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#3) On September 18, 2012 at 6:53 PM, materialsman92 (34.02) wrote:

it depends on the proportion of your total portfolio you have in aapl stock; if it is a large portion you might want to trim some of that for defensive purposes. So you have around 210K in apple stock right? I wouldn't want to risk that, so that's what I would do

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