Apple trading at $400 after hours: Do I sell stock guys?

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  • Iwinyourmoney
    SBR Posting Legend
    • 04-18-07
    • 18368

    #1
    Apple trading at $400 after hours: Do I sell stock guys?
    I own 80 shares @ 186.53 and 28 @ $202. After apples huge report today on revenue, after hour trading is at 400$.

    Is it time to cash out? In the am do I sell at 400$ (as long as its there). I don't really need the cash, but is this where apple tops out?
  • doublej95
    SBR Posting Legend
    • 01-26-10
    • 14094

    #2
    your money is doubled, I would sell.
    Comment
    • Iwinyourmoney
      SBR Posting Legend
      • 04-18-07
      • 18368

      #3
      Quick math before fees I've got 20,578 invested (drained my life savings). I could cash out tomorrow at 43,200
      Comment
      • EDDIE MONEY LINE
        SBR Hall of Famer
        • 02-24-10
        • 6298

        #4
        I think you gotta hold...think about another few years. You might be set.
        Comment
        • onlooker
          BARRELED IN @ SBR!
          • 08-10-05
          • 36572

          #5
          Originally posted by Iwinyourmoney
          Quick math before fees I've got 20,578 invested (drained my life savings). I could cash out tomorrow at 43,200
          You doubled up. Cash it.

          Who knows where Apple goes from here.
          Comment
          • Dirty Sanchez
            SBR Posting Legend
            • 03-01-10
            • 16031

            #6
            Originally posted by Iwinyourmoney
            Quick math before fees I've got 20,578 invested (drained my life savings). I could cash out tomorrow at 43,200

            Could you take that measly $200 and give it to jj to make him a "Pro"? Bless you son
            Comment
            • pepper60000
              SBR High Roller
              • 02-01-11
              • 230

              #7
              My friend made $5,000 overnight trading apple calls on the news...bah, i knew I should have followed...

              But I would hold on for a few more years...
              Comment
              • jarvol
                SBR Hall of Famer
                • 09-13-10
                • 6074

                #8
                $400 was shortlived. It is now at $393. Look back over the quarters and you will see it usually rises into/at earnings then sells off 5-10% then comes roaring back.
                Comment
                • jjgold
                  SBR Aristocracy
                  • 07-20-05
                  • 388179

                  #9
                  Iwin who you kidding
                  Your a broke mother fukker
                  You would not even know how to buy a stock you dumb fuk
                  Comment
                  • Brock Landers
                    SBR Aristocracy
                    • 06-30-08
                    • 45359

                    #10
                    Originally posted by jjgold
                    Iwin who you kidding
                    Your a broke mother fukker
                    You would not even know how to buy a stock you dumb fuk
                    Comment
                    • Deep_Rest
                      SBR Wise Guy
                      • 11-29-10
                      • 841

                      #11
                      Steve Jobs isn't going to be CEO forever...probably another 5 years max. When he does step down, there's no telling what's going to happen. It could be business as usual, or they could collapse. I wouldn't risk it. Best case scenario is you milk another 10-15k before he retires. Is that risk-reward payoff worth it to you?

                      You should consider finding a nice dividend payer and DRIP that hoe. Invest in a "boring" stock like Proctor and Gamble, Johnson & Johnson, Kraft Foods, or Clorox. Get that IRA goin, son! Compounding dividends gives you a huge edge in outperforming the market especially companies that rely heavily on innovation, and R+D like Apple. Do you think they can keep one-upping themselves and continue to sell revolutionary products? I think they'll run out of gas eventually.

                      At the very least you should take some profits. You don't need to have an all-in or all-out mentality. Congrats bro and bol in the future!

                      Disclaimer: I own both Apple and Clorox.
                      Comment
                      • Skidcom
                        SBR MVP
                        • 11-17-06
                        • 1796

                        #12
                        You could sell a call
                        Comment
                        • Cap dat 4ss
                          Restricted User
                          • 10-11-10
                          • 3665

                          #13
                          Id cash out. You never know whatg gonna happen tomorrow with this market. Some of the surest stocks fell through the floor and robbed peoples retirements. However its your money so do as you please. Keep us updated.
                          Comment
                          • Monitor-Tan
                            SBR MVP
                            • 02-20-11
                            • 4460

                            #14
                            Lol, JJ laying it down calling someone else broke when he claims himself is broke! You go get it JJ!
                            Comment
                            • pavyracer
                              SBR Aristocracy
                              • 04-12-07
                              • 82839

                              #15
                              Sell but don't spend it all. You have to pay Uncle Sam capital gains taxes.
                              Comment
                              • Extra Innings
                                SBR Posting Legend
                                • 02-26-10
                                • 15058

                                #16
                                Apple...everybody wants a iphone and ipad....do you get a dividend?
                                Comment
                                • Dutch
                                  SBR MVP
                                  • 09-21-10
                                  • 4339

                                  #17
                                  I'd pull out half. In the next couple/few yrs notebooks, laptops, tablets etc. are going to get cheaper and become big sellers. Apple is in good position to move a gang of product in that time.
                                  Comment
                                  • Iwinyourmoney
                                    SBR Posting Legend
                                    • 04-18-07
                                    • 18368

                                    #18
                                    Originally posted by pavyracer
                                    Sell but don't spend it all. You have to pay Uncle Sam capital gains taxes.
                                    What happens if I pull out enough just to cover my original investment?

                                    Apple is the first, last, and any stock I've ever owned
                                    Comment
                                    • EmpireMaker
                                      SBR Posting Legend
                                      • 06-18-09
                                      • 15582

                                      #19
                                      sell the 28 and 40 of the 80 ride the rest
                                      Comment
                                      • excel
                                        Restricted User
                                        • 03-25-10
                                        • 4270

                                        #20
                                        Cash it buy 40k worth of silver.
                                        Comment
                                        • cyclonebell
                                          SBR Sharp
                                          • 04-11-10
                                          • 311

                                          #21
                                          Originally posted by EmpireMaker
                                          sell the 28 and 40 of the 80 ride the rest
                                          Solid advice.
                                          Comment
                                          • pavyracer
                                            SBR Aristocracy
                                            • 04-12-07
                                            • 82839

                                            #22
                                            Originally posted by Iwinyourmoney
                                            What happens if I pull out enough just to cover my original investment?

                                            Apple is the first, last, and any stock I've ever owned
                                            As soon as you sell you will get a statement for tax purposes..so next year when you file you have to put it in tax forms as income. You only pay tax on the shares you sell.
                                            Comment
                                            • Iwinyourmoney
                                              SBR Posting Legend
                                              • 04-18-07
                                              • 18368

                                              #23
                                              Originally posted by pavyracer
                                              As soon as you sell you will get a statement for tax purposes..so next year when you file you have to put it in tax forms as income. You only pay tax on the shares you sell.
                                              If I invested 20 and withdraw 20 am I still taxed?
                                              Comment
                                              • DiggityDaggityDo
                                                SBR Aristocracy
                                                • 11-30-08
                                                • 81450

                                                #24
                                                Originally posted by jjgold
                                                Iwin who you kidding
                                                Your a broke mother fukker
                                                You would not even know how to buy a stock you dumb fuk
                                                Comment
                                                • pavyracer
                                                  SBR Aristocracy
                                                  • 04-12-07
                                                  • 82839

                                                  #25
                                                  Originally posted by Iwinyourmoney
                                                  If I invested 20 and withdraw 20 am I still taxed?
                                                  Yes. You get taxed on all profits. But if your other 20 lets say lose value when you sell them you can deduct the net loss as a loss on taxes.

                                                  Don't you have a savings account? It's the same thing. Your bank sends you a statement on the income you made on interest.
                                                  Comment
                                                  • a4u2fear
                                                    SBR Hall of Famer
                                                    • 01-29-10
                                                    • 8147

                                                    #26
                                                    Sell when it goes up and buy when it goes down, all in increments. You can't sell all of one of the best stocks in the market.

                                                    FYI I'm in at 80 120 144 180 for 100 shares
                                                    Comment
                                                    • TheCentaur
                                                      SBR Hall of Famer
                                                      • 06-28-11
                                                      • 8108

                                                      #27
                                                      Originally posted by Iwinyourmoney
                                                      What happens if I pull out enough just to cover my original investment?

                                                      Apple is the first, last, and any stock I've ever owned
                                                      This. From your comments it doesn't sound like you have the risk tolerance to hold on to it. Get your original inv. back, pay the minimal long term capital gains taxes, and then freeroll for a year or two, maybe even put in a stop loss order.
                                                      Comment
                                                      • Extra Innings
                                                        SBR Posting Legend
                                                        • 02-26-10
                                                        • 15058

                                                        #28
                                                        They should do a 4:1 split. People are just about as stupid with stocks as they are with sports betting. It will be back up to 400 in no time.
                                                        Comment
                                                        • mdemps9190
                                                          SBR MVP
                                                          • 11-08-07
                                                          • 1957

                                                          #29
                                                          Sell and buy some call options if you think its going up. Less money invested, higher volatility. Just make sure theta isn't too high on these far out of the money, long term options. I have 2 oct 11 option contracts open, made a killing today.
                                                          Comment
                                                          • flyingillini
                                                            SBR Aristocracy
                                                            • 12-06-06
                                                            • 41219

                                                            #30
                                                            Iwin, sell it and buy MO
                                                            המוסד‎
                                                            המוסד למודיעין ולתפקידים מיוחדים‎
                                                            Comment
                                                            • MarlinsFan2212
                                                              SBR MVP
                                                              • 04-19-10
                                                              • 1325

                                                              #31
                                                              Cash-out, and re-invest your original investment of 20k.
                                                              Comment
                                                              • shady610
                                                                SBR MVP
                                                                • 01-12-06
                                                                • 1570

                                                                #32
                                                                sell and buy some silver and gold. Silver will give you great returns and gold will hold its value steadily
                                                                Comment
                                                                • BettingGeek
                                                                  Restricted User
                                                                  • 10-07-10
                                                                  • 3555

                                                                  #33
                                                                  Hold!
                                                                  Buy 15 more share if you have balls!

                                                                  Do not sell.
                                                                  Comment
                                                                  • topgame85
                                                                    SBR Posting Legend
                                                                    • 03-30-08
                                                                    • 12325

                                                                    #34
                                                                    Get out of high dollar stocks and buy some lower stuff where you can roll your money quicker. Got penn national at 23 several months ago up at almost 41 now, my guess is they will make it to 60-70 in the next year that is an additional 50-70% increase from todays value. Is apple going to go to $600 and get you another 50% return from todays value? Highly doubt it....
                                                                    Comment
                                                                    • gauchojake
                                                                      BARRELED IN @ SBR!
                                                                      • 09-17-10
                                                                      • 34116

                                                                      #35
                                                                      Originally posted by Skidcom
                                                                      You could sell a call
                                                                      easily the best advice itt
                                                                      Comment
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