AAPL - cashed out
Posted: Apr 12, 2024
- Despite thinking Apple's stock (AAPL) will reach $210 before WWDC, cashed out due to recent price surge - Expect AAPL to trade based on news/speculation rather than business factors leading up to WWDC - Reports of lackluster iPhone shipments in China may drive stock price down - Anticipate profit-taking from investors waiting for recent price increase to sell - Believe long-term fundamentals for Apple are strong, but felt 4% gain was good opportunity to cash out - Stock may tread water before resuming upward climb, depends on risk tolerance and time horizon for investment
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