So this morning I walked into the office and just laughed when I saw the DOW down 260 points. I have no problem with the correction going on, because A. our downside protection has kicked into overdrive (90+ days out IWM puts). So at this point the more absurd tanking goes on, the better off I am. But somewhere around 1PM (cst), I just happened to glance at Apple trading in the 120s. Totally ridiculous. The stock has had an unjust amount of downside surprise, regardless of how you interpret their soft outlook. So I looked at AAPL trading at 127, and thought enough is enough, the ridiculousness has gone too far. I jumped in @ 127, thinking I’m willing to ride out any further downside. They have product, they have cash, they have growth, innovation… what’s not to like? Turns out my spontaneous buy time happens to be the luckiest timing I have executed in a long time. And even though it’s rebounded an Earth shocking 9% since 1PM, I’m not even thinking of dropping out now. Personally I think 127 is a great avg cost for the longer term.