AAPL drops....why?

[cb911]

I think they meant that as soon as there's a positive upswing, meaning an indication or the beginning of a gradual and large increase, they're gonna buy.

hrm... an increase of... Apple's value as a company? now i'm really confused - what are they going to buy - AAPL stock, or a MacBook Pro?

Yeah, there are lots of people out there who just shouldn't be buying stock...

you're not wrong!
but still... there has to be some people to buy expensive shares when we're selling them, right?

 

[asherman13]

hrm... an increase of... Apple's value as a company? now i'm really confused - what are they going to buy - AAPL stock, or a MacBook Pro?

AAPL

 

[~Shard~]

but still... there has to be some people to buy expensive shares when we're selling them, right?

Yep - just like someone did for me when I shorted @ $85. I'll be closing that position soon enough though...

 

[stevep]

Yep - just like someone did for me when I shorted @ $85. I'll be closing that position soon enough though...

Shard - I think you ought to include a health warning with your account of shorting AAPL stock. The thought of amateur investors without your knowledge of the stock market becoming fired with enthusiasm and opening themselves up to unlimited losses is frightening.

 

[~Shard~]

Shard - I think you ought to include a health warning with your account of shorting AAPL stock. The thought of amateur investors without your knowledge of the stock market becoming fired with enthusiasm and opening themselves up to unlimited losses is frightening.

Quite true, I should publish a disclaimer on my investing-relating posts.

I have been doing this for many many years, survived the dotcom bust, and have a lot of experience when it comes to the markets. When it comes to tactics such as short selling, uncovered options, ForEx trading, etc. you should be very careful and know what you're getting yourself into. Don't think I didn't learn the hard way.

Thanks for the tip, I'll keep that in mind in the future.

 

[TheMasin9]

apple stock

how do stock sales figure in to taxes. cuz they account a sale as a profit to you even if you buy right back...

 

[~Shard~]

how do stock sales figure in to taxes. cuz they account a sale as a profit to you even if you buy right back...

I am not sure how this is handled in the US. Here in Canada, every sale results in a capital gain or loss, yes, however there are intricacies surrounding this, and even that might change with our new government now - tax on capital gains may be deferred as long as you reinvest your money into another investment within 6 months of selling. Fun stuff.