Quote:
Originally posted by techweenie
If I had a lot of 'gambling money' handy now, I'd be buying AAPL puts.
Not that I don't like Apple as a company, it's just that I'm not delusional enough to pay that kind of premium. I bailed at $52.
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I cover AAPL for my firm. We started buying at $7 split-adjusted, and have made 10X. I am wrestling with holding on for more vs taking the profit. It is a tough call, made tougher by the difference between short-term and long-term. The company is doing great and has the chance to be a real leader in consumer electronics, but the valuation reflects that. At $80 it is not the kind of stock that I usually win on, so I'm looking for the "next AAPL".