As some of you may recall, I took $10,000 of our savings and put it all on Apple after they did a 7 to 1 stock split which brought the share price down. As of this morning I've made close to $300 but I don't think it can keep going up at least not in the next month or so. They also announced a dividend payable sometime in August and based on the amount of shares I have that would be somewhere around $50 for me. This morning I went with the more cautious approach of 'quit while you're ahead' and put in an order to sell if the stock price hits $98. Here's the current price 30 minutes ago:
Of course the price went down but I think it can probably hit $98 today. Can it hit $99 or $100? I doubt it but maybe I can buy back in before they announce the new iPhone in August. There's also talk of a new smart watch coming but I just don't see it going up before those products are announced, I think the price will go back down to $95 but of course no one can't predict the future, we can only speculate right?
What would you do? Take the $300 and run?? or leave it in there until the $50 dividend is paid out in August? Of course I could be wrong and this thing could go to $110 like some analysts are predicting...Help! LOL