Kolek planning to go pro
As usual, Smuggles, you know everything ...Except that AAPL and DIS have outperformed SPY by a freakin' mile over every long-term span imaginable.I wish you good fortune, even though your strategy cannot work.
\Keep hiding under your bed, someday Apple will rally again and you can brag on and on for eight more pages. Until then enjoy the round trip. Remember, you are not losing money!
Well, you'd know about losing.You're not worth explaining things to.
You were awful chatty when Apple was making new highs. What address should I send the donut too?
You realize that nearly every stock, especially tech, is tanking right? SQ has been halved in the last two months.
And maybe the great and Powerful 82, with all his wise sage musing about investing, really just bought the massive FAANG bubble. The largest bubble in the stock market since 2000.Then he bragged on and on that he would never buy a bubble or invest based on emotion (go read those bragging posts a few pages back). Yet that is exactly what he did.And, the best part …. he picked Apple … ground zero of the bubble.So if 82 wants to write a book about mistakes investors make, he needs to go no further than his own brokerage statement in researching this topic.
I'm not exactly sure what you're gloating about. You made your initial call about AAPL on 4/29/16.Since that date, AAPL is up 53% vs the SPY 22%. Beating the index by over 30% since your call and that is just since that date, if we go back further 5yrs, or 10yrs, the performance of AAPL stock is even more impressive compared to the S&P. If you had made this call 3 months ago, then maybe people would take you seriously on this topic(AAPL). Not doubting that you're smart or that you are good at investing, but with regards to AAPL, you are spiking the football at the 5 yard line. Maybe time will prove you right, but it's going to be a while until you can brag about being right about this.As I stated previously, I don't own and have never owned Apple directly and neither do any of my clients.
I'm not exactly sure what you're gloating about. You made your initial call about AAPL on 4/29/16.Since that date, AAPL is up 53% vs the SPY 22%. Beating the index by over 30% since your call and that is just since that date, if we go back further 5yrs, or 10yrs, the performance of AAPL stock is even more impressive compared to the S&P.
And maybe the great and Powerful 82, with all his wise sage musing about investing, really just bought the massive FAANG bubble.
All that matters now is what it does going forward.What would you do with it now?
Bought some shares of APPL today. 82, was I too early?
Based on history, it's rare for a stock that gaps down big on news, especially earnings miss news, especially the first earnings miss announcement in nearly 20 years, to bottom that same day. The ultimate bottom is days or weeks (or even months) away. That said, the low might be a few dollars lower, or $50 lower, but the low is still in front of it, not yesterday.I assume you bought the open, as you posted before the market opened. So you bought $144.50 and it is trading (as I write) at $147.40. Take you $2 profit and walk away. Revisit later.ADDEDThe company told us yesterday, for the first time in 20 years, it has a problem. That is a big F'ing deal! This type of shocking announcement does not means the stock sells off one day and they resumes an interrupted rally. The company, in the form of Tim Cook personally, told you they have a problem. Listen carefully.Buying the stock is you saying that Tim Cook is wrong. Is that a bet you really want to make?
Point of order, true AI in the context you are referring to is referred to as general AI in the industry....basically what most people think of as AI from the movies. Narrow AI is what is currently in the market place, the term covers all the fun buzz words like algorithms, machine learning (which covers supervised, unsupervised, and reinforcement learning).Narrow AI is used everywhere (frankly mis-used) and general AI is no where near in existence. I'd guess general AI won't exist for another 20 years at least.Great entry level book into the space (not saying you need entry level Benny, but some folks on here definitely do):https://www.amazon.com/Artificial-Unintelligence-Computers-Misunderstand-World-ebook/dp/B07CMSQLLH
Wow, I'm very concerned for Benny. Being able to mimic Myron Medcalf's writing so closely implies an oncoming case of dementia.
Thanks 82, appreciate the advice. Any blue chips that one would suggest for the long term?
I am one of the happiest people anywhere, and I hope all of us do well.
Agreed. I simply was using the layman's term of "cave-dwelling cousin" in lieu of the technical terminology.And as much as I would love to have my own bending robot, hopefully, general AI is still more than 20 years off.