Loading ...Could Well Be The PIN!
We have been waiting for the everything bubble, especially the stock market, to burst. That loud POP you just heard may have been it. The court ruling on AAPL’s app business, if it stands up on appeal, could very well go down as the Pin that popped the bubble. Sell now, ask questions later.(especially since the FAANGS have been looking for a pin for quite some time)
Been watching the top out parade since late spring pass before us.
Sir Plunger,
Does your reply mean that you were in any of the FAANG since spring 2021? Or were you on the sidelines?
I’m a man of limited means, but buying AAPL this year, (for the first time ever !!!) has been my only non-PM, rather non-resource-stocks (because lately that “speculative resource juniors arena” includes Uranium, via FCUUF) rewarding investment.
I did miss cost averaging down AAPL once, below $117, 11 calendar days after my last buy. Wasn’t too sure of the upside remaining in AAPL Stock then, and I’m not sure now either 🙂
02/25/2021 12:46:51 Bought 80 AAPL @ 122.44 -9,795.20
01/25/2021 15:26:31 Bought 100 AAPL @ 142.22 -14,222.00
The other day I asked Sir CM, whether I should sell my AAPL holdings … let’s see for a few more days what happens in the “biggest bubble ever”
Other than AAPL, I bought PLTR and AI, which are barely break even.
FSLY has been a disastrous “investment”.
GL
I actually think we could see a very sharp spike up, say Monday, for the stock market. Very high volume and lots of negative divergences and technicals and down the drain, after that.
No buy signal here for me yet on FNGD.
But I do have a LT sell on AAPL.
It can be curious the seemingly “innocent” stuff on which a market turns.
Thin ice here would be an understatement.
Sir Pedro,
Please share more details on the LT sell on AAPL.
Your analysis is not based on a weekly reversal? I doubt it is as simple as that, going by the last few months price movements … long-term means what?
The last 50 weeks yielded a 50% rise in price … does that qualify as a blow off top?
Chart to me does not look as bearish yet as it was on 1/25/2021 or so … when I made my first buy and it went horribly wrong. Because I was not using a stop loss, I let it go down from 142 to 122 when I bought again “for the long term”.
The bottom soon after on 3/8/21 at 117 … and now the new high of 157 this week …
Awaiting your analysis …
GL