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.
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.
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.
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. \
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.
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.
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 [b]S[b]tock 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.
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.
Comments
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.
I was thinking about selling, but I think I'll hold. We'll see what happens.
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.
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.
MSFT:
Last Trade: 27.32
Trade Time: 4:00PM ET
Change: \\/ 0.085 (0.31%)
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.
I think we'll be lucky if it sustains 30 in two weeks.
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.
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.
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 [b]S[b]tock 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 $~12/share). This, along with the heavy PC/IT loading led the group to vote against acquiring AAPL.
[edit]
Another thing our group didn't consider was the smash success of the iPod. In our defense, the iPod was a Mac only product when I did the analysis. It wasn't until the iPod went cross platform that demand skyrocketed.
Originally posted by cooop
Yes, but do you realize how many times Microsoft had to split their stock to reach that price? You can't compare the two.
I, as a M$ share holder of 2...4...5, wail...10, OMG again...20 shares, am aware of the splits.
Cant compare oranges and 'Apples'
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.
that isnt very shares though. someone that bought at that same price with 100 shares would be making a killing.
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!!!