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Originally Posted by motion
I think I'm gonna get out and chase some motorcycles I've had my eye on. I'm a bit nervous about the continuing IOS8 issues and the watch being a dud. Its already being pushed back to spring 2015.
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Is Apple the only stock you own?
I'm more of a value investor so I like holding things that appear cheap vs competitors or the market. On several measures Apple is cheaper than many of its peers or even the S&P500. ON a simple P/E basis Apple (16x) is trading below the SP's (18x) multiple, and right about even with the DOW. Apple has the huge advantage though in that it has much better earnings growth than either of the indices. Maybe there are other things in your portfolio that are better sells?
Have you ever traded options at all? There are quite a few opportunities there that could limit your downside risk, give you upside potential, and depending on margin requirements it could free up capital. For example selling puts and buying calls.
Just my thoughts on possibilities for you. I can't predict what Apple will do in the short term or how it will do vs peers or the market as a whole. Although on valuation it does appear cheap, it was a lot cheaper not that long ago. I absolutely can't make any prediction on how it will perform vs a portfolio of motorcycles
Bikes are a lot more fun to look at and tinker with!