Murphy’s Law being what it is, I recently sold a third of my AAPL to take a more conservative stance. But I knew this could happen, and consoled myself that if AAPL went up 50% it would tend to become just as prominent in my portfolio again as it was before I lightened up on it.OTOH all companies are temporary. I still have to eat if AAPL takes a nosedive in my lifetime. I don’t want to have to check the market every day.
Most of the banks bottomed around March 23 (some were the 18th or 19th, most were the 23rd), but for the most part haven’t bounced back. This has forced up yield. The main fear there is that the dividends will get cut, dropping the stock. A year from now (give or take a Biden victory) buying some bank stock now will look like a pretty good idea, imho.
But sometimes I just like the adrenaline rush of tech.
and btw, Murphy was an optimist. :^)
Well, this is an impressive selloff, huh? Oops, spoke too soon, dead cat bounce! My my, that’d didn’t last long.
I think those darn kids left their stakeout of the old lighthouse to trade off Apple and into TSLA. Ever since the Scooby-Doo van got a wireless hotspot, their crimefighting has really fallen off.