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Rap Sheet

Author:

LongTerm CapGains

Subject:

Off Topic

Date:

05/01/18 at 4:14 PM CDT

 

 

READ: 4

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Sentiment:

Neutral

Reply to:

MSG`#4673,`05/01/18
By LongTerm CapGains

 

Re: OT - INTC

Hmmm ... great APPL quarter, they set it up for folks to dump and now the smart money is buying it at lower prices, lets see if it holds through tomorrow.  A $100B capital return program.  Wow! Massive.  I still have some shares, not a big position at all. I kept a little bit from the position I had several years ago when APPL fell hard which I sold after it gained some 40%.  Duh! I should have kept it all.  It is now some 100%+ from those levels I sold at.

Will see if APPL is the catalyst the market needs to shake it off its boots and make it start the next leg up.  So far that has not been the case, this market has not been impressed with very decent earnings.  AMZN's blow out quarter initially bolted the stock by some $140 in AH but it retraced much of it in the next trading session, still has not been able to reclaim its 52 week high.  Its valuation is still incredibly high. Its forward PE is over 100.

 

 

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