It's stupid because the market valuated AAPL at about $150 three months ago, and now is about $150.
That stupid.
BTW, I say the market is stupid because I bought AAPL shares January 28th (a monday), and I've bet the market ever since, I've beat SP500, DOW, I've won AMZN, MSFT, GOOG, everything. I even won Warren Buffet.
And I'm selling now, because the market is also predictable.
I have no words for it, they do as they are told by the news. I do the contrary, this is a warning sign for me, I might miss 10%-20%, but it doesn't matter, 30% is good enough and not worth the risk.
So you beat the market for a total of... Two and a half months?
Your arrogance is pretty typical of people investing for the first time. It's like buying a scratch off and saying, "Only an idiot doesn't know where to scratch!"
It's your prerogative if you want to believe that the market is stupid/predictable, or that you can invest better than people with billions of dollars in resources, but just ask yourself this: Why are you succeeding where others aren't?
> So you beat the market for a total of... Two and a half months?
I've been beating the market for quite some time.
Looks like the market doesn't go your favor. It went mine, so I'm right.
The market is stupid, the proof is that a company's value doesn't change in a question of months, but stock does.
> It's your prerogative if you want to believe that the market is stupid/predictable, or that you can invest better than people with billions of dollars in resources, but just ask yourself this: Why are you succeeding where others aren't?
Because very few of us are smart, and not me, because I'm small, but the big ones are controlling many dumb ones that believe the rhetoric they read anywhere online and for free. Specially the bots.
AMZN was once the biggest company by market cap and over a $1T...
Now it's in the low 900's.
GOOG was once higher than Apple, now it isn't even in the 900's club.
Wall Street is dumb as a rock when it comes to technology and they invest heavily in industries they just don't understand.
My favourite example is cloud.
What is cloud: it's you renting computers.
No, it's not software, because people want a Hotel to go on vacations so they don't have to do the chores associated with living in a house (doing the bedroom, cleaning, etc.) and enjoy. Now, engineers, we want a reason to be hired, so PaaS doesn't have a point, SaaS has it's limited market, and IaaS is completly stupid.
There's a reason why the companies best aligned with doing cloud (those who make semiconductors) aren't aligning in it, is there a Intel cloud? A TSMC cloud? No!
Let them do the computer renting business, "it's the future", renting a thing that devaluates in value faster than a car!
It deserves to be worth more and still has the lowest P/E ratio of all major tech companies (5.7x lower than AMZN).
If you think something is undervalued, buy it.