Originally Posted by wizard69
Nice with the speculation and abuse of the markets! I have to ask though how do you think the economy got into it's current situation? Unfortunately it has a lot to do with people like you going after short term gains and not at all concerned about the long term!
I've held AAPL since the 90s. In recent days I've decided to start playing with their volatility and see how I can do. So far, not too bad. And I'm trying to employ the "never lose money" principle - buy a bit, hopefully it goes up, then put sell orders in at some level that locks in some profit. If it keeps going up, keep raising "the bar". If it drops and sells off, put in a buy order where I think a bottom will be. Rinse, repeat.
By the way the economy if far from depression status around here as many businesses are booming. You can't really look at specific businesses like housing and the associated banking industries as an economic indicator any more due to their unethical and opportunist business practices.
Tell that to the talking heads on TV who seem to think we're all a blip in oil prices away from Third World status.
I'm not saying what I wrote about spin is MY opinion; I think it's the two extremes that could come out of the press - and I think what the press writes will directly affect the stock price.
Frankly one can look at how well Apple has done in what should have been a down turn year as an indicator that not all is bad. Apple still has the potential to keep momentum going forward well into next year.
Success at Apple right now has nothing to do with the economy but is rather an issue of good solid products.
I wouldn't say it quite that strongly, but Apple certainly is more tied to solid products and keeping their "cool" image than to the economy. Marketing is very important to maintaining sales, too.
Speaking of which it looks like AIR sales are off in favor of MB & MBP's which speaks to the concern about good solid products that are not frivolous. People will spend money if they believe there is value in the device.
I don't think the AIR has bombed, but certainly not a lot of people are willing to pay the premium. But I don't think Apple expected people to abandon the other machines for the AIR - the AIR is a boutique item testing out new technologies.
Going back to the iPods for many people they might be considered a better alternative to larger laptops in a bad economy. Let's face it you will need to remain connected to the net even if the economy goes tits up. An iPhone or better a cheap Touch based device allows for that in a very mobile way and at far greater economy. It would have to be one very severe depression for Apple to not have a viable way to market the Touch devices.
I think the Touch and iPhone have opened people's eyes to the fact that they can have a REAL connection to the Internet/Web in a handheld device. Just as having a cell phone quickly became a necessity rather than a luxury, I think the Facebook/MySpace generation will find having a GOOD connection to the web very important. So far the iPhone is winning that product niche.