I’ve held on to my AAPL while everyone is selling off. I bought a few shares of AAPL when I was in school in 2000 for $22. (gosh I was I bought more back then, but on budget and couldn’t)
Since then the stock had split, so I sold some, then bought some back when they were down. Last December they were at $200, so I sold some.
I am very surprised they are half what they were last year and I am worried about the recession not leaving play money for goodies that Apple is offering. That’s still a luxury item and in economic times, that’s what takes a hit.
How long are you going? This recession will last a very long time. People are pulling out b/c it’ll be a while before it recovers. Likely still a ways to go down.
What is their P/E ratio now? I haven’t even checked.
