ss_blog_claim=501beff7055e0ac734b60244e4fc2e40

First Time Visitor To 20s Money?

I encourage you to click here to read about our site and community. Furthermore, please consider subscribing to the RSS feed to get 20s Money content delivered straight to you!

Buying Apple Stock At Market Open Tomorrow At $25 Off

July 21st, 2008 • Related • Filed Under

Last week, I wrote that I sold a large chunk of my Apple stock at $174 a share ahead of earnings because of two factors. For one, tech stocks had been trading rather weakly, and two, Apple was likely to have mediocre guidance for the rest of the year which would result in the stock tanking after earnings. Today, this scenario pretty much happened exactly as predicted.

Right now, after hours, the stock is trading under $150 a share. I am planning on purchasing back my position at nearly $25 a share cheaper than just four days ago. As I’ve said many times on this blog, I’m a believer in the long term story of Apple, but I also attempt to maximize the short term trends that happen with a widely hyped, volatile tech stock like Apple.

In other news for Apple investors, it seems that iPhone sales are out of control right now. I know several people who have been trying to buy iPhones and have been unable to! Plus, the introduction of the iPhone into China is still to come.

Stay tuned to 20s Money for more Apple updates, as any consistent reader knows, it’s my favorite stock to follow.

Popularity: 12% [?]

Don't Miss A Single Post - Subscribe To Our RSS Feed!

Related Posts:

RSS feed | Trackback URI

2 Comments »

Comment by SBF
2008-07-21 23:33:53

Good job Kevin. I’m keeping my eye open.

Reply to this comment
 
Name (required)
E-mail (required - never shown publicly)
URI
Subscribe to comments via email
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.

Link to this post, and I will link to your site here:

High Interest Savings


Hey everyone, one of the most important aspects of my savings is to make sure that every dollar I accumulate earns as much money as possible. I use ING Direct as my internet based high-interest savings account. They have great rates and is the easiest savings account I have ever used before. Do you know what you are earning on your savings? If not, check it out and then compare it with ING Direct. Most of you can definitely earn more interest in your money. Also, one of the best things about my ING Direct account is how easy it is to move money around to and from the account. Now is the time for you to implement ING Direct as a part of your savings strategy!

  • Popular

    Most Comments

    Search

    Tags

    Archives

  • What I'm Doing...

    Bailout nation: banks, automakers... what's next? Circuit City? Blockbuster? Starbucks? Home Builders? What a joke 3 days ago

    Follow Kevin On Twitter

  • Featured Sites

  • OUTRAGEous Articles

  • Recent Comments

    • I sincerely hope that the big three are allowed to go under, they are not sturctured to survive in todays ...
      jimbo jenkins | 20Nov08 | More
    • Unless you know what stock to buy, when to buy, and why you are buying it, one is doomed to ...
      Small Business Income Center | 19Nov08 | More
    • Do you think if the US Government would force the Big 3 into Chapter 11 and the Federal Bankruptcy Judge ...
      Matt Peer | 18Nov08 | More
    • Then it's time for a new government. Thomas Jefferson once advocated a good revolution every 20 years or so. ...
      Matt Peer | 18Nov08 | More
    • OK, I do stand corrected. I just read an interesting piece in Fortune about Tim Cook, the COO of Apple. ...
      Matt Peer | 18Nov08 | More

  • Top Commentators