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Opened Apple 7/17 375P
Joined the party end of day with 6 AAPL 7/24 380P @ 9.25
Bowl Leader
Love the guy from Deutsche Bank today. “AAPL makes me jittery” given the parabolic rise, but it works, so buy it anyway and I’ll raise my price target even though it’s really risky here. Complete death trap to anyone buying now.
BC are you still holding APPL 382.5p for 7/24? First time I’ve bet against Apple! 💃
Bowl Leader
.5 away on RSI trendline. Likely hits it tomorrow.
Another green day tomorrow as market loves to soar on Thursdays when economic data comes in?
Coach
Analysts are one of the biggest scums on Wall Street. They serve their respective Investment Banks and not the shareholders. And their work can be replaced by a simple model which I feel works like:
Upmarket = Raise target by 5-15%
Downmarket = Reduce target by 5-15%
Thesis is either case = Random BS
Bowl Leader
Exactly. Find me one that’s front run an Apple decline
Mentor
BC - what are your current Apple positions?
Coach
BC... Any concern that investors are less likely to move out of their positions this time around versus other crashes? It seems like everyone is parking more and more of their cash in Tech.
Everything is at 40% to 60% their pre-crash market cap except Tech which is at all time highs and keep going higher. It seems like a major hedge.