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Sold today: AAPL, GOOG

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Sold today: AAPL, GOOG Empty Sold today: AAPL, GOOG

Post by charvaka Tue Sep 20, 2011 1:19 pm

I unloaded my final chunk of AAPL shares today. Also sold GOOG for a short-term profit. Immediately after selling, I put in limit buys at prices about 10% lower. Hoping that the prices will come back down within a couple of weeks where I get back into both. Time will tell if this was a stupid move or a smart one.
charvaka
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Post by Marathadi-Saamiyaar Tue Sep 20, 2011 1:27 pm

Been there done that.... (and lost 30K, but made up the same in MFs).

Been out of this day trading since then, although I bought a few recently with that intention - but I dont have the same interest.

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Post by harharmahadev Tue Sep 20, 2011 1:59 pm

charvaka wrote:I unloaded my final chunk of AAPL shares today. Also sold GOOG for a short-term profit. Immediately after selling, I put in limit buys at prices about 10% lower. Hoping that the prices will come back down within a couple of weeks where I get back into both. Time will tell if this was a stupid move or a smart one.

I am time. I'm tellng you you did good.

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Post by charvaka Tue Sep 20, 2011 4:16 pm

Awesome. Both closed 1-2% lower than my selling price. Tomorrow is the big day... let's see what happens.
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Post by charvaka Tue Sep 20, 2011 4:20 pm

Marathadi-Saamiyaar wrote:Been there done that.... (and lost 30K, but made up the same in MFs).

Been out of this day trading since then, although I bought a few recently with that intention - but I dont have the same interest.
Saa(miyaa)r, I am not closing my positions at the end of each day. So I am not really day trading. Just following a few stocks I like to follow anyway, and making bets on where they will go. Actually I may need to be all cash pretty soon, so I will stay out if volatility picks up again.
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Post by charvaka Mon Oct 03, 2011 12:21 pm

charvaka wrote:I unloaded my final chunk of AAPL shares today. Also sold GOOG for a short-term profit. Immediately after selling, I put in limit buys at prices about 10% lower. Hoping that the prices will come back down within a couple of weeks where I get back into both. Time will tell if this was a stupid move or a smart one.
Today both my limit buys got executed. Now I hope they start to climb back up again.
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Post by harharmahadev Mon Oct 03, 2011 12:31 pm

charvaka wrote:
charvaka wrote:I unloaded my final chunk of AAPL shares today. Also sold GOOG for a short-term profit. Immediately after selling, I put in limit buys at prices about 10% lower. Hoping that the prices will come back down within a couple of weeks where I get back into both. Time will tell if this was a stupid move or a smart one.
Today both my limit buys got executed. Now I hope they start to climb back up again.

Tooo risky...good luck.

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Post by charvaka Mon Oct 03, 2011 12:35 pm

harharmahadev wrote:
charvaka wrote:
charvaka wrote:I unloaded my final chunk of AAPL shares today. Also sold GOOG for a short-term profit. Immediately after selling, I put in limit buys at prices about 10% lower. Hoping that the prices will come back down within a couple of weeks where I get back into both. Time will tell if this was a stupid move or a smart one.
Today both my limit buys got executed. Now I hope they start to climb back up again.

Tooo risky...good luck.
Yes, I am a little worried... not sure if leaving those buys open was the right call. But I am trying to play the volatile market, and it's worked out OK so far. Which is not to say I won't lose my shirt next.
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Post by truthbetold Mon Oct 03, 2011 5:40 pm

GS is going below $90 and BAC down to $5.53. Banks are going down.

AAPL, Goog and AMzn are all in market dominant position with real earnings, strong product growth and good future prospects. While short term no body can assure trade profits, they are good buys for long term (2 years out).

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Post by harharmahadev Mon Oct 03, 2011 5:49 pm

truthbetold wrote:GS is going below $90 and BAC down to $5.53. Banks are going down.

AAPL, Goog and AMzn are all in market dominant position with real earnings, strong product growth and good future prospects. While short term no body can assure trade profits, they are good buys for long term (2 years out).

In my view, the market would have bottomed when these high-profile names break down completely. So I feel downside risk outweighs upside...however, this is a casino market and anything is possible.

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Post by Guest Mon Oct 03, 2011 5:55 pm

harhar...nly is at 15.84. 17.40 seemed like a good price a coupla months ago. what say you now? Will it go down more?

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Post by harharmahadev Mon Oct 03, 2011 6:47 pm

kinnera wrote:harhar...nly is at 15.84. 17.40 seemed like a good price a coupla months ago. what say you now? Will it go down more?

NLY is a dividend stock. Of course, principal protection is a concern, but generally speaking, it is a solid stock. This is a dangerous market. So trading this stock is totally not adviced.

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Post by Guest Mon Oct 03, 2011 6:48 pm

haven't bought them yet. Good time to buy or wait for it to go down further?

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Post by harharmahadev Mon Oct 03, 2011 7:00 pm

kinnera wrote:haven't bought them yet. Good time to buy or wait for it to go down further?

Flip a coin. Let me know the result.

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Post by Guest Mon Oct 03, 2011 7:59 pm

harharmahadev wrote:
kinnera wrote:haven't bought them yet. Good time to buy or wait for it to go down further?

Flip a coin. Let me know the result.

I thought you had a crystal ball. Crystal ball is anyday better than a coin. Right?

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Post by harharmahadev Mon Oct 03, 2011 8:22 pm

kinnera wrote:
harharmahadev wrote:
kinnera wrote:haven't bought them yet. Good time to buy or wait for it to go down further?

Flip a coin. Let me know the result.

I thought you had a crystal ball. Crystal ball is anyday better than a coin. Right?

I'm an not-for-profit economist. Okay, here's my serious response. Annaly is a good company with solid fundamentals. There is the risk that a liquidity crisis will make it hard for the comapny to roll over its short term debt. But I have sympathy for that view because this stock has some very deep pockets backing it up. The management is the best money can buy. So you have to trust management and your instincts and not get too caught up with market swings. I would cost average my position into this stock any day. Maybe drip into it.

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