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Hogs Get Slaughtered
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 Unfortunately I think it is time to start scaling back on some of these winning positions. I have not researched any other stocks to put the money in, so I will leave it as cash for the time being. Better to act first, ask questions later. I started this morning by selling my Apple position. Trade record as follows:
Bought AAPL @ $154.24 on 4/10/08
Sold AAPL @ 186.08 on 5/6/08
Gained 20.64%
June 1 is Apple's big iPhone announcement. They will be launching their application platform and rumors are swirling about a new 3G iphone. I have always been a big fan of buy the rumor, sell the news and this is a perfect example. The sell could be a little premature but 20% is a serious gain. Bulls make money, bears make money, hogs get slaughtered. |
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This site is not just a place for me to speak my mind, my goal is for these posts to be a catalyst for conversation. If I have stimulated some thoughts/ideas please be sure to contribute below. Dont be shy =)
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