$33.32... Wow!

[ikDigital]

It's a good time to own AAPL!

[Wrong Robot]

whoa

[hmurchison]

Noooooooooooooooooooooooooo no ones gonna acquire Apple if they let themselve get too spendy ;)

[PBG4 Dude]

I recommended AAPL to my stock club last year when it was $14/share. Unfortunately the SSG said it was overvalued (????????) and my stock club is 99% PC IT people so they panned the idea.

I showed them the stock price last month and their jaws practically hit the floor. We could've doubled our investment in just a year when our mandate is to double every 5 years.

Damn PC/IT people and their lack of faith in AAPL. :(

[Splinemodel]

I'm one of those guys who bought at 14.

I was thinking about selling, but I think I'll hold. We'll see what happens.

[hmurchison]

Damn PC/IT people and their lack of faith in AAPL.

making money in stocks is about seperating your personal convictions and focusing on the only mantra that matters. Profitability. I'd rather lose/win money on my own that listen to some analyst/forcaster spit banal logic that costs me money.

[ipodandimac]

I bought in at 23 and people called me crazy. :) I personally am gonna hang on til the next quarterly results. I expect $35+

[a_greer]

Originally posted by hmurchison
making money in stocks is about seperating your personal convictions and focusing on the only mantra that matters. Profitability. I'd rather lose/win money on my own that listen to some analyst/forcaster spit banal logic that costs me money. Ever wonder why they are called BROKErs? and if they were that damn smart on stocks, they would be makeing their own fortunes and not working as advisors at the local brokerage house.

Moral of the story, do your own homework and manage your own money.

[a_greer]

yahoo finance:
MSFT:

Last Trade: 27.32
Trade Time: 4:00PM ET
Change: \/ 0.085 (0.31%)


:D :lol: :D :wow: :D

[cooop]

Yes, but do you realize how many times Microsoft had to split their stock to reach that price? You can't compare the two.

[ast3r3x]

Originally posted by cooop
Yes, but do you realize how many times Microsoft had to split their stock to reach that price? You can't compare the two.

You'd be amazed at how many people don't get that. Not their fault though, didn't pay attention in econ ;)

I sold my 90 $14/share when it was at $28. Now I only have 60 $19/share to hold on to. I was thinking about buying back again from the money I made on my $14/share but I'm afraid it's near a peak. :\

[Kickaha]

Agreed. We're in the pre-WWDC runup, the 50min MA *JUST* missed crossing the 200min MA downwards midday, and the 200-day is coming up on the 50-day MA rapidly. Since these are the usual lemming sell indicators, I give it a week or two, which would be... WWDC. It always crashes after a big event like that, to boot.

I think we'll be lucky if it sustains 30 in two weeks.

[the cool gut]

Originally posted by ast3r3x

I sold my 90 $14/share when it was at $28. Now I only have 60 $19/share to hold on to. I was thinking about buying back again from the money I made on my $14/share but I'm afraid it's near a peak. :\

Yeah, I almost dumped my AAPL for the summer given the history of techs sagging in the summer months. Pretty glad I never got around to it.

[johnq]

Nah, I think $30 is the low end for a while to come. I can see $35-$40 by/right after WWDC and back down to 30 for a while until Macworld SF.

I know...it's about "30 times earnings" already...but regardless.

$40-$50 is not out of the question in 6-9 months.

But a Microsoft/Beatles and/or a Sony-BMG (+Beatles?) type of thing, plus $50 WinPods might pull the plug on it all...

...but I'm in it for the long haul with Apple regardless. Bought low and will sit on it until doomsday.

[PBG4 Dude]

Originally posted by hmurchison
making money in stocks is about seperating your personal convictions and focusing on the only mantra that matters. Profitability. I'd rather lose/win money on my own that listen to some analyst/forcaster spit banal logic that costs me money.

We do our own analysis, hence the S[b]tock [b]Selection Guide, or SSG (one of many tools in the NAIC box). We use Valueline and other references to help analyize a stock along with public information to guide our buy/sell recommendations. Unfortunately for me, the SSG regarded AAPL as overvalued (which I couldn't understand considering the book value of AAPL is $~12/share). This, along with the heavy PC/IT loading led the group to vote against acquiring AAPL. :(

[edit]
Another thing our group didn't consider was the smash success of the iPod. In our defense, the iPod was a Mac only product when I did the analysis. It wasn't until the iPod went cross platform that demand skyrocketed.

[a_greer]

Originally posted by cooop
Yes, but do you realize how many times Microsoft had to split their stock to reach that price? You can't compare the two. I, as a M$ share holder of 2...4...5, wail...10, OMG again...20 shares, am aware of the splits.

Cant compare oranges and 'Apples';)

[Noleli2]

I got 10 shares at $17.50 way back in the day (pre-split) for my Bar Mitzvah. So I basically got 20 shares at $8.75. I'm making about 375% on that. :)
:smokey: :smokey: :smokey:

[ipodandimac]

Originally posted by Noleli2
I got 10 shares at $17.50 way back in the day (pre-split) for my Bar Mitzvah. So I basically got 20 shares at $8.75. I'm making about 375% on that. :)
:smokey: :smokey: :smokey:
that isnt very shares though. someone that bought at that same price with 100 shares would be making a killing.

[pfflam]

Originally posted by Splinemodel
I'm one of those guys who bought at 14.

I was thinking about selling, but I think I'll hold. We'll see what happens. Me too!!!


:)

[Malokata]

Yup, my friends thought I was nuts buying it at $14.76. That's some massive earnings for a year's time.

[BuonRotto]

Sell a little of it now, a little more if it goes up again a fair amount, etc, just not enough to run out. Buy a little again on a drop and continue. IMO the stock is on a bit of a bubble and will be corrected soon. Might as well cash in a tiny bit while the going is good. :)

[ipodandimac]

Originally posted by BuonRotto
Sell a little of it now, a little more if it goes up again a fair amount, etc, just not enough to run out. Buy a little again on a drop and continue. IMO the stock is on a bit of a bubble and will be corrected soon. Might as well cash in a tiny bit while the going is good. :)
AFAIK the quarter ends at the end of this month--according to Jobs, business is "very healthy". Like i said, i'll wait for the earnings report.

[salmonstk]

Originally posted by Noleli2
I got 10 shares at $17.50 way back in the day (pre-split) for my Bar Mitzvah. So I basically got 20 shares at $8.75. I'm making about 375% on that. :)
:smokey: :smokey: :smokey:

How do you guys get 10 shares??? Ussually you need to buy in bunbdles of 100???

[iKwak]

Now that is market!

[GreggWSmith]

I bought about 1000 shares at Apple's IPO and couldn't be happier. I bought a bunch more at $14!

[a_greer]

Originally posted by GreggWSmith
I bought about 1000 shares at Apple's IPO and couldn't be happier. I bought a bunch more at $14! $$$wow$$$

[johnq]

Originally posted by salmonstk
How do you guys get 10 shares??? Ussually you need to buy in bunbdles of 100???

Where did you get that from? Perhaps that's a brokerage-specific thing?

I've bought AAPL in as few as 3 shares once (E*TRADE). Not that it's really worth doing in such small amounts...

But still, I spent $57.84 to make $40.92...free XBOX game courtesy of Apple, basically. :D

But I wouldn't buy less than 50 shares if possible, kinda ridiculous otherwise considering fees and taxes.

[ipodandimac]

Originally posted by johnq
Where did you get that from? Perhaps that's a brokerage-specific thing?

I've bought AAPL in as few as 3 shares once (E*TRADE). Not that it's really worth doing in such small amounts...

But still, I spent $57.84 to make $40.92...free XBOX game courtesy of Apple, basically. :D

But I wouldn't buy less than 50 shares if possible, kinda ridiculous otherwise considering fees and taxes.
in a lot places it just makes it a lot cheaper if you buy by the hundreds. (there are less borker fees that way.)

[johnq]

Originally posted by johnq
Nah, I think $30 is the low end for a while to come. I can see $35-$40 by/right after WWDC and back down to 30 for a while until Macworld SF.

I know...it's about "30 times earnings" already...but regardless.

$40-$50 is not out of the question in 6-9 months.

But a Microsoft/Beatles and/or a Sony-BMG (+Beatles?) type of thing, plus $50 WinPods might pull the plug on it all...

...but I'm in it for the long haul with Apple regardless. Bought low and will sit on it until doomsday.

Love it when I'm right :)

Wait...I won't when it goes "back down to 30"... :D

Ah well, $40 sounds good in about 5-6 months...