Today is Apple’s Day, But I Bought Microsoft on the Dip!




Today is Apple’s Day, But I Bought Microsoft on the Dip!




As I was contemplating buying more shares of Apple this morning in the pre-market hours, I was thinking that the stock would eventually settle down after all the hype.

I was right.

Shares of AAPL were trading at $174+ a share in the pre-market, which meant there was going to be a huge gap up once the regular trading session began at 6:30am PDT.

But even as the gap up became a reality once the market opened this morning, already the dust was beginning to settle.

I already own shares of AAPL, so I was doing fine with the gap up.

But I noticed that at the same time AAPL was gapping up in the first half hour of trading, MSFT (Microsolft) stock was plummeting big time.

Microsoft has been a longtime rival of Apple, and this rivalry has gone back for decades. So, it made sense that while Apple stock surged, Microsoft stock fell.

It was at a certain point that I saw the bottom and bought shares of Microsoft during Apple’s big morning when the iPhone X had just went on sale, and long lines prevailed.

This is a simple lesson on buying the dip.

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Carlos Rull

Carlos Rull is a musician living in the San Diego area. His interests include Yoga, Eastern Philosophy, Zen Buddhism, and Gardening. He plays drums, piano, and composes New Age & Ambient music, and his albums are available on iTunes and Amazon.com.

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