knee jerk buyers who bought the dividend news (at $430) will at
least be able to take comfort in the fact that while they may
already be down nearly 10% on this purchase, the dividend of almost
3% will only take 3 years to make their new investment whole.
Seems that $360 or $305 might support this. What is
worrisome though is that the QQQ was basically at 13 year highs
yesterday. What if QQQ does a mild 38% retrace of this 4.5
year bull run? I can't imagine AAPL "bottoming" and running
all by itself while the broad markets correct.
AAPL
Posted by rbreese on 24th of Apr 2013 at 08:04 am
Trendline support around last weeks low at 380 area. If it goes 340/350 next stop on the elevator.
knee jerk buyers who bought
Posted by kalinm on 24th of Apr 2013 at 08:19 am
knee jerk buyers who bought the dividend news (at $430) will at least be able to take comfort in the fact that while they may already be down nearly 10% on this purchase, the dividend of almost 3% will only take 3 years to make their new investment whole.
You cam bet it goes
Posted by rbreese on 24th of Apr 2013 at 08:45 am
You cam bet it goes a lot lower after the brief honeymoon wears off.
Seems that $360 or $305
Posted by kalinm on 24th of Apr 2013 at 08:55 am
Seems that $360 or $305 might support this. What is worrisome though is that the QQQ was basically at 13 year highs yesterday. What if QQQ does a mild 38% retrace of this 4.5 year bull run? I can't imagine AAPL "bottoming" and running all by itself while the broad markets correct.
maybe $350ish that would be half of $700
Posted by morton13 on 24th of Apr 2013 at 09:16 am