05-17-2012, 03:47 PM
Congrats on holding out for just a 4% loss - you could have bailed out at the market top and be kicking yourself now.
I think (hope) we are nearing a bottom. Apple is trading at a ridiculous valuation. I suspect it's because of the Facebook IPO - I sold all the Apple in my wife's IRA to fund buying FB shares, and I bet I'm not the only one. Tomorrow I'll either not get any FB allocation, or I'll get some and sell it all right away. Either way, everything will be going back into AAPL...
I think (hope) we are nearing a bottom. Apple is trading at a ridiculous valuation. I suspect it's because of the Facebook IPO - I sold all the Apple in my wife's IRA to fund buying FB shares, and I bet I'm not the only one. Tomorrow I'll either not get any FB allocation, or I'll get some and sell it all right away. Either way, everything will be going back into AAPL...
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market