"Buy the Rumor, Sell the News"

I have posted about Apple inc, and its company stock, (AAPL) on STEEMIT twice before:

On 8/16/2016 - COMING SOON -- SELFIES UNDERWATER, EDIT & POST THEM WHILE UNDER THE SEA -- iPHONE 7
Apple stock closes @ US $109.38

On 9/15/2016 - ISAAC NEWTON GOT IT WRONG WITH THIS APPLE
Apple Stock closes @ US $115.57

Yesterday, Apple hit an intraday high of about $130, and closed the trading session at US $128.75 on 2/1/2017. At this point, I still believe Apple stock has a lot of room to run up and possibly surpass its all time high of $132 on its way to possibly being the first if not one of the first companies to reach a Trillion Dollar Market Capitalization. Since my last post in September of 2016, Apple stock has climbed an additional 10%+ along with paying some dividends, making Apple shares a nice place for some diversification.

Even though I see Apple as a great investment, and I do use technical tools when analyzing a stock such as Apple, I have also learned to keep things simple and not over think things either. Adages such as "Buy the rumor and Sell the news" and "No one goes broke taking a profit" have also served me well when I heeded them, and made me feel like a dunce when I did not. So, at this point, I have sold All my Apple Stock after an incredible return of about 2.5 times the money after only a few years of holding Apple shares. Apple's quarterly report was not spectacular, but does show that Apple still has shine to its stock. At this point, I am on the sidelines, waiting for the dip, and anything below $125, and I am buying back some if not all my stock for several reasons.

The first reason is that Apple pays dividends. I am hoping that this dip occurs before February 13th, in order to partake of the Apple dividend to be paid out on February 16th. Also, Apple might be struggling in China, but it is booming in other parts of the world, and its service sector continues to grow. The service sector is an important segment of Apple's growing revenue, and will continue to play a larger role in Apple's business strategy as hardware sales begin to shrink. And the most important piece of the puzzle as to why I will be jumping back into Apple stock is that Apple is sitting of some $256 Billion Dollars in Cash and Cash equivalents in off shore accounts. It is very likely that this Apple cash, which continues to grow every quarter, will be repatriated back to the United States once President Trump eases Apple's tax rate. Since President Trump has been keeping to his promises, this is an extremely likely scenario. This is a potential windfall of around $200 Billion Dollars, AFTER taxes, coming back into Apple's US bank account, where it can now invest in a studio such as Time Warner in order to compete with Netflix, Youtube and Amazon. Even after some large acquisitions, Apple will still have money left over for its Stock holders. It can reward shareholders with increased dividends as well as share buybacks. The first TRILLION DOLLAR company (roughly $190 per share) does have a nice ring to it. Can't wait to jump back on board this gravy train!

@streetstyle Disclosure:
First, the usual disclaimer: This is not investing advice. This is all opinion or news. I am long on Bitcoin, Steem, Gold, Silver, real estate and some other small stock positions. As of today, I am no longer an Apple shareholder, but will dive back in as soon as it dips, if it does.

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02/02/2017
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