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It's fine that Apple-only assembly workers have more protections but I don't believe they should be getting paid much higher than the prevailing wages. There are thousands of people in China available to replace any workers who leave. Literally thousands. And wage rates and labor conditions are dependent on local factors and local laws and should not be viewed through the tint of Western prejudices.
lkrupp said:Time for Apple to dominate CLOUD.
Anyway I sold some more Apple stock today at All time highs.
Pretty much exiting my position. Only holding about 30% of my holdings since last month. Tim Cook has served me WELL!
The thing about Apple is its always open to huge 30-40% drops in stock price. I'll hold my small position in Apple and load up again once it drops 30-40% in the next 18 months.
Apple rarely is at fair value. I recall only a few times in the last 5 years:
1. When it hit $700 in 2012
2. When it hit $134 in 2015
3. Probably this year when it hits $150-$160
But I'm pretty sure some bull crap stories will come out of the woodwork once it hits fair value. Then the stock will drop 30-40% in a 6 month period. That's when I'll buy again.
I use to be bitter about how AAPL stock was valued. No more. I have no excuse to be bitter because I know how the game works. AAPL is a stock that is 90% of the time undervalued. The key is to buy it when its RIDICULOUSLY undervalued. I'd say mid to late 2018 will be the next opportunity.
I'm loving these rumors.
Apple hit all time highs this morning and I sold a bunch of stock.
Thanks Tim Cook!
I only hold about 30% of the shares I had just a couple months ago. Went from $90 to $136.