Comments on: Apple Inc. is Still Green http://www.chrisperruna.com/2007/01/10/apple-inc-is-still-green/ A blog about trading, finances, success and life itself Fri, 30 Dec 2011 14:18:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: chrisperruna.com » Blog Archive » Higher Priced Stocks Give Best Gains http://www.chrisperruna.com/2007/01/10/apple-inc-is-still-green/comment-page-1/#comment-15459 chrisperruna.com » Blog Archive » Higher Priced Stocks Give Best Gains Wed, 12 Dec 2007 13:43:33 +0000 http://www.chrisperruna.com/2007/01/10/apple-inc-is-still-green/#comment-15459 [...] rather own 15 shares of Apple than 100 shares of Sirius or a similar beaten down piece of garbage. I could care less about the [...] [...] rather own 15 shares of Apple than 100 shares of Sirius or a similar beaten down piece of garbage. I could care less about the [...]

]]> By: Terry Zink http://www.chrisperruna.com/2007/01/10/apple-inc-is-still-green/comment-page-1/#comment-36 Terry Zink Thu, 11 Jan 2007 03:01:22 +0000 http://www.chrisperruna.com/2007/01/10/apple-inc-is-still-green/#comment-36 I bought Apple back in July when it gapped out of its downtrend, at 60.63. I feel really proud of myself for that buy. I took some partial profits when it retraced a portion of its gains. It retraced 30% (from 91 to 81) so I sold almost half of my position, because that's what my rules say to do in order to preserve gains. But, I really wanted to buy more, the pullback was an opportunity to load up. I still plan to hold onto it for a while. Maybe instead of selling next time, I'll buy puts instead. That might be a plan for cashing in on pullbacks. I bought Apple back in July when it gapped out of its downtrend, at 60.63. I feel really proud of myself for that buy. I took some partial profits when it retraced a portion of its gains. It retraced 30% (from 91 to 81) so I sold almost half of my position, because that’s what my rules say to do in order to preserve gains. But, I really wanted to buy more, the pullback was an opportunity to load up.

I still plan to hold onto it for a while. Maybe instead of selling next time, I’ll buy puts instead. That might be a plan for cashing in on pullbacks.

]]> By: Sheldon http://www.chrisperruna.com/2007/01/10/apple-inc-is-still-green/comment-page-1/#comment-35 Sheldon Wed, 10 Jan 2007 15:10:16 +0000 http://www.chrisperruna.com/2007/01/10/apple-inc-is-still-green/#comment-35 The tip-off for AAPL was Dec.27. The pattern from late November to Dec.27 was a classic drift & spike pattern. You buy the stock once it takes out the spike day high which was Dec.29. I concede it gapped on Dec.29, but as a rule you can buy the gap if the pattern is perfect. In the case of AAPL it was a perfect drift & spike pattern. I have found this pattern to be a high probability situation to get into a leading stock that trends downward for a while. The tip-off for AAPL was Dec.27. The pattern from late November to Dec.27 was a classic drift & spike pattern. You buy the stock once it takes out the spike day high which was Dec.29. I concede it gapped on Dec.29, but as a rule you can buy the gap if the pattern is perfect. In the case of AAPL it was a perfect drift & spike pattern.
I have found this pattern to be a high probability situation to get into a leading stock that trends downward for a while.

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