AAPL  has stayed stubbornly green

    Posted by anjali25 on 17th of Aug 2022 at 12:11 pm

    AAPL  has stayed stubbornly green even while the market has been dropping - thoughts ?

    General is last to be

    Posted by retirefire on 17th of Aug 2022 at 02:03 pm

    General is last to be shot

    Looks like AAPL was waiting

    Posted by anjali25 on 17th of Aug 2022 at 02:20 pm

    Looks like AAPL was waiting for the Fed spike to complete its ED on the 10 min

    Cult stock. Like TSLA. Fundamentals

    Posted by DigiNomad on 17th of Aug 2022 at 12:41 pm

    Cult stock. Like TSLA. Fundamentals don't matter....until they matter. But hard to fight it until they do. Trail up stops. 

    Apple is also in every

    Posted by mla127 on 17th of Aug 2022 at 12:55 pm

    Apple is also in every funds known to mankind seems like lol ....  that helps 

    They buy back a lot

    Posted by timebandit on 17th of Aug 2022 at 01:03 pm

    They buy back a lot of stock.

    Cult stock? People buy them

    Posted by tgo5043 on 17th of Aug 2022 at 12:46 pm

    Cult stock? People buy them because they realize ( by experience) how totally superior they are to all competitors. Good reason to own in my books.  

    Cult stock? People buy them

    Posted by tgo5043 on 17th of Aug 2022 at 12:46 pm

    Cult stock? People buy them because they realize ( by experience) how totally superior they are to all competitors. Good reason to own in my books.  

    The fundamentals don't match the

    Posted by DigiNomad on 17th of Aug 2022 at 01:03 pm

    The fundamentals don't match the valuation. That said, I said the same thing about AMZN for probably a decade until I was eventually right. That's why I simply said "trail up stops"

    The market can stay irrational longer than many can remain solvent. Don't bet against cult stocks (disclosure: I'm short BBBY SEP 02 expiration, 40 strike calls)

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!