I was ready to pull the trigger on Apple then last week my rule book stopped me from making the purchase. The stock price since September 2012 has taken a beating. Let me show you a picture first before I continue.
I have done a lot of homework on buying and selling and I’m still a work in progress but discipline and greed must always be worked on forever. I recently read another traders point of view and I would like to share it. Click Here for that article. The chart above almost perfectly represents what was said in that article but it has my selling points, not his, marked on the chart. You can read my notes on the charts and my point to this fall and it holds true with any stock you buy, is why hold it until it gives you a reason to own it. Next I will show you a zoomed in view of the area to the lower right where I almost bought Apple for myself.
Most of my notes are on the chart but the point is once again, why buy or hold this stock or any other until it gives you a reason. I will continue to watch Apple and if it ever gives me a reason, I will buy it. Today is not the time.