Apple is certainly a good discussion.... but I think you guys missed my point.
It's not about 'apple' --- it's about LEARNING from SOMETHING LIKE THIS and how it pertains to the STOCK of a company.... substitute ANY company.
Because -- if I've learned anything in the last 30 years -- it's that NOBODY can tell me in advance - what's going to happen and how things are going to react. And since we're not trying to "game" the market a possible hiccup shouldn't matter.
The thing is - nobody knows - it's all just "blah blah blah".... and here's why I've learned not to bet my hunches.... because the minute you're absolutely, positively, certain, that APPLE is going to sell off.... and you take a million dollar short position ---- you'll get up in the morning and they'll have announced a "fix" for the issue and the stock rises 50 points.
I was really trying to get everyone to look at "the market" in a different way -- and to try to see and feel --- and pay attention to --- the inputs that already affect you -- to think about them and to try to use this 'input' to help you sort out your investments. So let's say you're ready to plunk down another $2500 in the market --- and you're trying to diversify --- and you have nothing in the industrial space.... so you're a car guy and you're thinking about FORD or GM... Stop and check your own senses for how you see "the market" -- everyone buying a new Ford pickup truck? Or is Toyota Tundra replacing all those Ford F150's....maybe that "view" is worth exploring and you do some homework and now start to compare Ford - GM - AND Toyota.
I bought Chipotle Mexican Grill (CMG) because every time I went there - the joint was absolutely jammed with people and a line out the door.... I went home -- and started checking them out... at the time it was trading at $54 a share...
I'd bought Apple (AAPL) for the very same reason -- every time I went by one of their stores there was a line of people buying stuff... at the time - the shares traded for $85 a share...
But I also want you to pay attention to what you see on an ongoing basis! That same "sense" for something that was just beginning.... can be used to help you SELL as well as buy. Sometimes knowing when to sell is every bit as important as knowing when to buy. So keep your eyes peeled for changes -- what your friends are saying -- what are YOU thinking about "X" product line or company.
What trends are all the kids CHANGING to -- from "Nintendo" to Xbox?? From McDonalds to Chipotle? From Nike to New Balance or Sperry Top siders?
And more importantly -- do you have investments where this "trend" might be your friend..... OR NOT....
Here's an old one.... I remember all the kids could talk about was MY SPACE... it took about a year --- and I never heard MY SPACE again -- it was all FACEYBOOK... There was a clear trend there! But sadly that stock trade didn't work out --- but the signs were very clear!
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