Wednesday's Stock Earnings (March 11th)

This Wednesday's stock earnings left a less than impressive impact on my stock portfolio. Apple specifically took a huge hit due to the release of the iwatch keynote presentation. Many critics of Apple products released articles claiming the apple watch will not provide the revenues projected by apple. Another big complaint about the apple watch was the price compared to other smart watches. The stock recently reached a 5 month high of about $132.00 per share and immediately dropped the day after the keynote presentation was released to about $122.24. This was a massive upset in the technology industries but it was one that many people predicted. After all every time apple releases a new product their stock seems to plummet only to impressively increase in the following days. Over the next few days the apple stock rose back to about $128.47 per share, which has been about the average lately for the company. I purchased 200 shares of AAPL back when the stock market investment game begun, i purchased it as a long term investment knowing that Apple is a relatively safe company (blue chip stock) that would not take massive decreases. The 200 shares were purchased at $126.71 totalling a market value of $25,342 currently the share price is back up to about $127.30 which has been stable the past few days. Currently my market value is $25,463.50 for apple and although it is not a huge money maker it is a safe stock that i can rely on for constant small returns.