My average buy is below $190 so I feel good about this. Don’t care if it falls more. If it falls more that means other stocks will likely fall as well and I’ll just buy more of the other stuff
Bloomberg shown yesterday that AAPL came down just below SMA200 every dip. This slide must come down either today or tomorrow max. This is based on TA, but fundamentally AAPL is attractive with good returns.
But, predicting future is not perfectly right as it can always go wrong.
Buffett also raised his stake in Apple (AAPL), which is Berkshire’s largest stock holding, the filings show. The iPhone maker has been dragging down markets, and fell Wednesday for a fifth consecutive day.
I was wondering about this missing information ! I have actually downloaded, just after release, his 13F filing from edgar database and compared side by side - Aug (46.63B) vs Nov (56.99B) in excel sheet.
For those who believe in candlestick pattern, last week AAPL pattern is a confirmed bullish harami, a typical reversal pattern. From my experience, the next day i.e. Monday, typically fall, guess is to shake out the last skeptical before moving up. Having stale bulls are irritating as they keep stalling the rally.