AAPL and ILMN
Apparently the investors didn't like what Apple announced yesterday...a bit strange as I think their deals with all the major film studios are going to make big waves in the movie rental/sales market. Either way, my stop marker was triggered and the stocks sold. A nice 3.5% return in just 4 days.
ILMN dipped below my marker as well, though it didn't suffer a drastic drop. I had places my stop marker fairly close to the support line so I did expected it to be triggered fairly soon, though I had naturally hoped it would take another jump before I sold it. Anyway, I got a nice return of 21.7% in only 5 days.
...if only i could continue like that and if only my GM stocks hadn't fallen 6.76% and IAU hadn't fallen 2.01% already, I might actually be able to make money of these few lucky guesses :)
Now I just need to figure out where to invest next, and if I believe enough in Apple to re-invest at the lower price (it's now at 169 and I bought the last ones at 171.5 - sold at 177.41) it might just take a bit longer for the news to settle and investors to become interested again.
2 Comments:
I'm not that surprised that the investors didn't like the offerings from this years Expo. Sure the movie rentals are great news, but the MacBook Air is not a breakthrough device like the iPhone was, and Steve Jobs saved that presentation for last, so that is THE PRODUCT of the MacWorld Expo. which means all the other stuff fades into the background for most people.
kimblim: I guess you're right. Even though it's a nice looking product, it's not that revolutionary...and probably not something their average customers would buy. I'll still keep an eye on the stock price though, as i think their deal with the movie industry will have a positive effect once it get's more widely known (e.g. once they launch the service for real)
Post a Comment
Links to this post:
Create a Link
<< Home