What's up with AAPL!?!
It gapped up $2.75, $2.93, $3.29, $3.64, $3.83... pause for breath ... $4.01.
Ahhhhhhhhhhhhh! $4.37.
Market's been open for about 25 minutes or so.
$4.69
Wait 20 minutes... $6.80
$7.15.
Update, 12-05-04: I'm out!
The stock started heading for the moon when a Piper Jaffrey analyst said the stock could go to $100 -- when the stock was currently trading at $50. A while later someone else raised their target to $75 and the rise continued, but over the last week others have been downgrading, from "buy" to "hold," and suggesting that people take profits while they can ("here, let me throw a bucket of water on your fire," bastards!).
The stock's been falling and lost $5 a share last week so I bailed while the bailing was good. I was going to put in a stop at $65 on Thursday but never placed the order, when I checked the price on Friday for the first time it was already below that, so out I went.
Final score: $18.08 per share, or 40.5%. Short-term capital gains taxes be damned! It beats that fraction of a percent interest the savings account pays.
Posted by rc at November 22, 2004 08:56 AM