TRADING TIPS

Is It Time to Buy Apple At These Levels?

Hubert Senters here. Let’s take a look at Apple being one of the questions like when do I think is a good place to buy Apple?  First, it’s still dropping with the rest of the market. It didn’t bounce a little but I mean it closed higher than it opened today which is a good thing. But the markets are still going to drift lower which will probably bring down Apple. Here are some support areas that if you wanted to buy Apple it make sense to me from a technician standpoint. So $233, $207 and $175 those are just zones of just good old-fashioned supporting resistance. We’ve got a little bit of support here. We’ve got quite a bit of support here $207 so for me, I would like to buy it at $207 and then down here at $175 would be a good purchase area. $233 I think it’s going to blow through that. One way to look at it is, it’s one of the biggest things in S&P 500. It’s one of the buckets biggest holding and stuff like that. If you could get in it, you know, based upon a year, two year’s lows there. I mean it make sense cheaper than Berkshire and a bunch other hedge funds at a discounted price. Overtime, it will probably go up whether it takes us four months or fourteen months to get out this thing. Obviously Apple got some of the most avid fans. It will probably go higher overtime but those are the areas I like $233, $207, $175. I’m going to be doing a special webinar tonight on angel investing ‘Why the Rich Are Getting Richer: And How You Can Copy What They’re Doing.’  It is tonight at 8PM EST. I will lead you over to this form so you can read all the details and REGISTER for the webinar and I’ll see you tonight at 8PM EST. Good luck. Hope it helps. See you tonight. Hubert.

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