Original post date: August 17th 2008
Removed copyright information and reposted
I must say I love Apple. I love my Mac Book with its Mac OS X on it. I love the iPod and the iPhone.
When once upon a time I subscribed to Mr. Hsu's China Profit Strategy AAPL was trading at around $150 and Mr. Hsu was saying Buy AAPL under $150.
He continued to rise the buy below limit until January as follows:
September 20th 2007: Buy AAPL under $150.
September 27th 2007: Buy AAPL under $170.
October 18th 2007: Buy AAPL under $170.
October 25th 2007: Buy AAPL under its new limit of $190.
November 15th 2007: Buy AAPL under $190.
December 20th 2007: Buy AAPL under $190.
December 27th 2007: Buy AAPL when you can get it on dips under $190.
January 3rd 2008: Buy AAPL when you can get it on dips under $190.
January 10th 2008: AAPL is still a buy under $190.
January 17th 2008: Buy AAPL under $190.
And finally, when he thought the perfect timing has come:
January 24th 2008: I want you to sell [REMOVED]-- Apple (NASDAQ: AAPL) and [REMOVED]
For those who bought around $190 this trade generated a 29% loss.
Once more, selling when Mr. Hsu said buy and buying on January 24th at $135 would have been the best thing to do.
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