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No. of Recommendations: 4
I obviously (to anyone looking at my investment history and current portfolio) want AAPL to go up. I own shares and have neither bought nor sold in a very long time, and when it comes to options, I've dealt far more in calls than in puts.

These sudden swings always make me nervous. Although I feel great about today's huge swing up, I also lived through equally depressing sharp downturns: I owned AAPL stock when it drove off a cliff and lost 75% of its value in late 2000, back in the early days of Steve's magnificent return to Apple. I rode AAPL when it went into the valleys in 2012-2013 and lost almost half its value, in late 2018 when it lost over a quarter of its value, and a similar sharp loss earlier this year.

Irrational panic and irrational exuberance are twins, as far as I'm concerned, and FOMO is a first cousin. I much prefer a long period of smooth, mostly-predictable increase (at rates far greater than interest, of course).

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