Apple (AAPL) plunged about 10% in just few days. Long-term readers must know that this is the time I love the most: great stocks are encountering short-term setbacks! I don't think Apple will have risk to go much further down. Eevn if it does go down further, it won't be long before it comes back strongly. It has just gone too far too fast and needs to take a breath to accumulate energy to run again!
If you haven't bought any AAPL, this is a great time to establish your long-term positions. But you are also having a fantastic chance to get some quick income within days. Apple is going to deliver its quarterly dividend ($3.05 per share) to anyone who holds its shares on Feb 5, even just for one day! As I have shown you several times, buying around the ex-dividend time is a great strategy to get some quick income. By using the very conservative covered-call option technique, you can easily make hundreds or even thousands within days or a couple of weeks, in addition to the dividend itself. I just did this for CSCO, MSFT, and TGT in the past few weeks and I will definitely do it again for APPL!
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