Just sold all my AAPL

[stephen]

...very temporarily.

I'd like to skip any roller coasters this week and I'll rebuy when we seem to be stable on the D.C. front.

I'm willing to give up a few gains for a little safety this week. Considering I bought at 35 and sold at 496, I think it's okay to skip a week or two.

Pigs get fat and hogs get slaughtered, as they say.

I would probably turn my 401k mutual funds into money market, too, but it seems like trades there don't take place instantly, and that makes me nervous.

[OWC Jamie]

I would have taken them off your hands for $35.50.


Just sayin'.

[stephen]

497.89 was the final price. Works for me.

Back in it shortly....

[rgG]

Is this in an IRA?
If not, then the IRS will be wanting their long term capital gains next April, but I am sure you knew that anyway,
That is why trading inside an IRA is so nice. No nasty tax consequences until you take the money out of the IRA.

[C(-)ris]

Why is this next week or two supposed to be turbulent to Apple stock?

[samintx]

I bought at 30 but sell stock earlier to recover "cost" so the balance is all profit (or loss) At the time it was in an Edward Jones account and the broker was skeptical of the apple and didn't like holding it in the portfolio. So much for brokers.

[stephen]

Yes, it's inside an IRA.

[freeradical]

C(-)ris wrote:
Why is this next week or two supposed to be turbulent to Apple stock?

That's a good question.

So far, the events in D.C. have been a big yawner for the markets.

The uncertainty in the equity markets was probably discounted for long ago. When the thundering herd decides to act, it's usually too late. In fact, professionals view the behavior of the crowd as a contrarian indicator. When stephan decides to sell, they buy.

[hal]

If stuff hits the fan, things can change really fast...

[RAMd®d]

So one sells stock to avoid upheaval, and then expects to buy back at what, lesser cost?

Because?

Does the "settling" result in cheaper stock? Is that's what's expected?

When Apple announces a new product, their stock generally drops and rises back up a day or two later. In my naiveté, I hope that this is in part somebody anticipating this long standing cycle.

Is this expected to happen here?