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Originally Posted by ChiliConCarnage
Nice. I thought you intended to sell before the report.
When the numbers dropped Friday morning and it beat on EPS/rev it was up 4.5% in premarket. I went to read the report. They guided for 2019 revenue to be up over 60% yoy inclusive of the Cainaio and ele.me acquisitions. I looked and the ticker was down to +1.8%. Seemingly good stuff, cloud computing up 101%. Look over and BABA is down -1%
Then the market opened and we got a few good news items and it sent everything green. Thanks in particular to Buffet for sending my Apple shares soaring with his announcement that BRK bought another 75 million shares in the first quarter! It's crazy reading the numbers some of these companies throw around. Apple bought back $26 billion of it's shares during the last quarter and announced a new plan to buy back another $100 billion.
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Only if I was just going to ride speculation to the report, but once I read some numbers, it looked like it was going to continue it's break up (which it did nicely).
I did sell half of my shares (29) today @195, for a 12% profit in 6 days. I put a stop loss on the remaining 29 shares in the mid 180's to lock in (7% profit) but plan to ride a possible notch above $200 before possibly selling the rest of my shares.
I almost bought a bunch of Apple shares when it was last around $100 a few years ago.....I didn't.
Part of me still sees it over-valued, but they are such a profitable company it's hard not to wonder if buying in now still makes sense?