grep life by Jeremy Glover

Stupid Apple (and Fidelity)

Every morning, I got to work and heard, “I made another hundred dollars on Apple today.” After feeling left out I decided it was time to take advantage of Apple and make some money for myself. So I signed up for a Fidelity account and waited…and waited…and waited. Finally (mind you after Apple had risen from $99 to $124), my funds were approved and I was able to transfer money into my Fidelity account. I immediately purchased some shares and watched the stock climb…and climb…and climb.

As the day of the earnings report drew near I eagerly anticipated a huge jump in the stock. I wasn’t wrong. The stock skyrocketed. I thought, “Whoa! I need more!” So I bought almost as many shares as I had originally in the thoughts that the momentum would continue forward. Bad move. As you can see from the charts below, the stock hasn’t gone anywhere but down and I’m not very happy about it!

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