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Re: bar1080 post# 1716

Wednesday, 08/17/2022 3:34:24 PM

Wednesday, August 17, 2022 3:34:24 PM

Post# of 2133
Bar, >> AAPL <<

Yes, almost back to the all time highs. It's become near term overbought, but that isn't a problem for long term investors.

Actually a lot of things are way overbought right now. The utilities sector (FUTY) is bonkers, with the RSI indicator hitting 79 yesterday, which is extremely rare for that sector. Other mundane sectors like the waste management stocks (WM, RSG, WCN) are also way overbought. Fwiw, I took profits in these since they will almost certainly retrace. But for long term holders, not a problem to just sit pat.

I'm trying to emulate your long term buy/hold approach, but always get the urge to lock in profits when they build up. So still a 'work in progress'.



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