Apple Inc. (AAPL) Above $100: How to Trade the Stock Now?

Apple Inc. (NASDAQ:AAPL) crossed the $100 (split adjusted) mark recently and now trades comfortably above it. A lot of people had their eyes set on Apple Inc. (NASDAQ:AAPL) crossing the $100 mark, now that the stock has done so, should one book profit, buy more or continues to hold their positions? That was the topic of discussion between the FMHR traders on CNBC recently.

AAPL Apple Store

“[...] It does feel that it wants to go higher. People are talking about $110, but I am in the camp that if you have enjoyed this ride, which everybody should have done at this point, I would imagine. You take progits, there is nothing wrong with taking some of the profits off the table, quarter, half, three quarters and live to fight another day. Could it go to $110, yeah, but there is just an equal chance, if not greater that it does back and fill back then to the high 80s, especially if the tape doesn’t cooperate,” Guy Adami said.

Ryan Kelly agrred with Adami, he feels that the possible highs of Apple Inc. (NASDAQ:AAPL) stock could be 5 to 10% from here. He also disclosed that he had a short on Apple Inc. (NASDAQ:AAPL) which he covered while the stock was trading near $101 levels today. Steve Grasso feels that tech behemoths like Apple Inc. (NASDAQ:AAPL) are now a permanent holding in investors’ portfolios.

“I think these guys have to prove two things are not working, one is that the refresh cycle, they are totally missing out on what the consumer wants. I think, by going with larger screens, by starting to appeal to other parts of the world, by working with China, this is is, this is what they need to do,” Timothy Semour said.

Grasso added that things have changed since Apple Inc. (NASDAQ:AAPL)  started trading above $100. According to him the stock has become much more attractive now and investors shouldn’t be selling it.

Disclosure: None

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!