Investing Mistake?

[evergreenpie]

When Apple (AAPL) was trading at about 73, I wanted to get in. I thought I would wait until the price dropped down to the high 60's.

Today, the stock closed over 90. On some option contracts for January 07, I could have probably made 300-400%.

I'm still waiting for the price to drop to the high 60's.

Comments

[socalledeconomy]

be glad you didn't make the same mistake with google; you'd be hanging yourself. Relax; they'll come back down.

[evergreenpie]

Oh, I know. :-) I'm just waiting.

[philmanstl]

*OUCH*
I got lucky years ago when Apple declared near bankruptcy in the late 90's and before Bill Gates bailed them out.
I bought at a bargain basement of 17. It was swinging up and down with each IMac and Cube etc release but the IPods have just made me very happy!
Hate to wish against you, but I hope it doesn't come down to 60!
Well, maybe for a few minutes in one day so you can buy after which it will skyrocket as Google buys them up!

[evergreenpie]

Sounds like you're in it for the long haul. LOL!

I don't think you'll have any problem. :-)

[jdtdco]

I just keep watch on my Cisco stock hehe.. but then again.. mine are options, so They are free to me ;-) right now i'm WAY up on my options which is kickass!

[evergreenpie]

Yep, I'm only doing option trades. :-)

[hannibull]

AARRGGH!!!! :)

A friend and I were talking about ECFL 2 days ago, yesterday it closed +340%, so I know the feeling... Just be glad you didn't short the stock or have put options since you thought it would go down to the high 60s lol :-)

Just laugh it off, like this => :-D

[evergreenpie]

No, I'm not good with Put plays just yet. I'm still practicing with those. And I NEVER short the stock. Well, at least not yet. LOL!