August 1st AAPL

This is not a suggestion to buy a stock nor is it financial advice this is an article that I use to polish my own thought process and serves as a reference for me in the future. I do not suggest you follow my investments without doing your own research. I am not a financial adviser, or an attorney make your own decision and understand the previous performance is not an indicator of future performance, and you can make or LOSE money as long as you are investing in anything. I may or may not hold positions in the stock or stocks mentioned.

Post Earnings July 31st

Apple is a company close to my heart. With my first hand held device being a first generation iPod Touch that I was gifted following stellar accomplishments in competitive swimming. I currently use a iPhone X and I was more than a little tempted to get an iPad for school rather than trade up my broken Microsoft Surface Pro (microsoft also has shit service in stores). AAPL was thus one of the first stocks I bought (not to mention first to earn me more than 1000 in a trade). A company that is surrounded by a deep deep deeeeep moat, a company sitting approximately 245 Billion of cash, and a branding so prolific that can be slapped on a pile of shit and the fan-boys would still buy and defend (2018 macbook pro???).

I have looked for a place to get back into AAPL after selling it off when it reached 191 earlier in the month, while i wish it dropped further below the price I sold for, 100B of buy backs as well as buyers who bought and held in anticipation of the earnings report (kudos for having more confidence/foresight than me) kept the price hovering around $190. Following the 3% gain in aftermarket trading following the earnings report, and the establishment and 3x testing of a support line at 199 earlier this morning (10:30 – 11:30 am ET) there was no reason to not buy in.

Confidence to buy

The volume today was 60M shares (a common volume for large price movements in the past month), with regular days being around 30-40M giving me more confidence in the upward movement of the stock. That combined with the ‘magical’ $1T evaulation sitting at 203.252 (1T / 4.92B shares outstanding) or 214.133 (1T/4.67B float) will likely lead many investors to follow into the stock, driving the prices up. Although it would be short sighted of me to sell with just 2.25% growth, for the worst case scenario I can sell after the 1T evaluation. AAPL is also a FAANG stock, with the 20% drop in FB and new highs spooking investors to sell AMZN AAPL is a pretty easy buy for investors right now, beating on revenue and earnings, while showing steady growth in services, as well as growth in old and new products.

Conditions

To limit my loss, if the stock drops below 190 i should sell, however i’m expecting upsides up to at least 215 in the short run, with the confidence allowing for great upside potential into Q4, despite that i will sell if the stock moves past 250 unless adequate support is shown.