Apple Tanking :(

Apple surprised me and went much lower than I hoped.

And then in after hours it is down even lower.

I, now, wouldn't be surprised if it was under $160 for a while tomorrow.


I'm still bullish long term, but, honestly, not as bullish. I previously would have thought there was no chance Apple wouldn't be up in a year. But, now I think it is possible that it could be down the entire year.

The main reason is the Price-To-Earnings ratio of Apple. That gives a lot of potential "compression" of the stock price even if Apple does reasonably well.

So, I may sell part of my position for a loss simply to avoid a horid loss later.

And, that will still put me up overall.

I will see how it goes.

Earnings are next week and likely to be high but accompanied with a warning that will likely send the stock down. Down from this point would be painful.

God Bless!