Everyone complained the same way in the late 90's when Apple hit $13 a share. Then a few years later when AAPL was flying high, those same folks moaned, "We shoulda bought at $13."
I would encourage everyone to buy $5,000 worth of AAPL now. If half the population of the US did this, I would be able to rack in a nice profit.
Seriously, a lot of us bought based on what this STUPID analysts have said. And sadly, most of the most ridiculous projections of stock price (e.g., >$100/share) was posted time and time again on this very site. So as a rule of thumb: (a) never listen to analysts and (b) definitely never think about buying stock based on any AppleInsider story (which have a rather optimistic stock slant to them).
Based on nearly 300 Million people, that would bring the stock up to just about an 800 Billion dollar market cap, which would give us about a 1600% return.
I'm one of those who bought at $15 and I have kept buying more on dips. I would have bought more this week near 50, but my brokerage account is fully invested at this time. The last time I bought was at $59 right before they released boot camp for a total cost basis of just under $36/share.
The thing is that when the stock is reaching new all time highs, buying is certainly much more risky especially short term. I fully believe that we will reach $100 per share, perhaps within a year, if not, I don't really care because I am in for the long haul. I think that people who bought in the 80's, if they are in for the long haul will be rewarded.
I also again reiterate what I said in this thread:
Quote:
Originally posted by MacCentric
posted 07-12-2006 05:14 PM MacCentric
This is the analysts making themselves a nice buying opportunity before Apple blows away estimates next Wednesday. I think this may be the lowest you will ever be able to get Apple stock. This will give those analysts involved good bonuses when the stock reaches 90 after their company picked up large blocks at 53.
When the stock slides on an analyst's report when that exact same analyst has a price target of $90, it seems like he is saying one thing short term to make a buying opportunity so that his company or friends, etc. can get in at a lower price and maximize profits.
Big corporations will also sell stock to make it tank to trigger automated sells and stop losses in order to get back in at a lower price (They call it taking out the widows and orphans). This is and should be legal because anyone except insiders can buy and sell when they want. The key is to be smart, if your perspective is long term, you shouldn't let short term moves influence you.
When I look at a company, I look at things like profits, products, management, etc. If those are good, I will hold no matter what an analyst says.
Oh, and One More Thing (TM) Apple is once again worth more than the beleaguered computer maker Dell!
Based on nearly 300 Million people, that would bring the stock up to just about an 800 Billion dollar market cap, which would give us about a 1600% return.
I'm one of those who bought at $15 and I have kept buying more on dips. I would have bought more this week near 50, but my brokerage account is fully invested at this time. The last time I bought was at $59 right before they released boot camp for a total cost basis of just under $36/share.
The thing is that when the stock is reaching new all time highs, buying is certainly much more risky especially short term. I fully believe that we will reach $100 per share, perhaps within a year, if not, I don't really care because I am in for the long haul. I think that people who bought in the 80's, if they are in for the long haul will be rewarded.
I also again reiterate what I said in this thread:
When the stock slides on an analyst's report when that exact same analyst has a price target of $90, it seems like he is saying one thing short term to make a buying opportunity so that his company or friends, etc. can get in at a lower price and maximize profits.
Big corporations will also sell stock to make it tank to trigger automated sells and stop losses in order to get back in at a lower price (They call it taking out the widows and orphans). This is and should be legal because anyone except insiders can buy and sell when they want. The key is to be smart, if your perspective is long term, you shouldn't let short term moves influence you.
When I look at a company, I look at things like profits, products, management, etc. If those are good, I will hold no matter what an analyst says.
Oh, and One More Thing (TM) Apple is once again worth more than the beleaguered computer maker Dell!
Looks like you were right.. unfortunately, this came at the wrong time for me... i am having a bit of difficulty so could not lay out money for some stock but apple is now up over $6 a share today.. some analyst and his clients made a nice bundle if they bought low. Oh well, i have had to temporarily put a freeze on investing on apple until my ship is righted but it looks like last week would have been a nice time to buy.
The stock is going up a tad due to the glowing financial report that was just released. But the stock will drop soon due to the news about Phil Schiller's stock sale (as AAPL always has fallen shortly after the release of such news). As if the $8m Schiller has already made on past sales wasn't enough! But one must wonder why Phil Schiller would buy now. He is either preparing to leave Apple or he doesn't have any long term faith in the stock!
As far as my own feelings on the long term outlook goes, I would be a bit worried over the next year due to this ludicrous lawsuit against alleged inpropriety by Apple execs. Funny, the suit is made by AAPL shareholders who only stand to lose more money if the stock tanks due to the very suit which they filed!
The stock is going up a tad due to the glowing financial report that was just released. But the stock will drop soon due to the news about Phil Schiller's stock sale (as AAPL always has fallen shortly after the release of such news). As if the $8m Schiller has already made on past sales wasn't enough! But one must wonder why Phil Schiller would buy now. He is either preparing to leave Apple or he doesn't have any long term faith in the stock!
As far as my own feelings on the long term outlook goes, I would be a bit worried over the next year due to this ludicrous lawsuit against alleged inpropriety by Apple execs. Funny, the suit is made by AAPL shareholders who only stand to lose more money if the stock tanks due to the very suit which they filed!
While I can't understand why Schiller would want to sell, it was planned last year so I don't believe that it reflects the status of the company or will move the stock much.
The law suit is filed by lawyers plain and simple and they are the only beneficiaries. Usually they will get some people to sign on as the lead plaintiff and then they can go ahead. All suits like this have the same result, even if they win, investors might get a few cents a share while the lawyers walk away with millions.
Apple just stated that what they have found so far would not even impact the financial earnings. I think the most that a reset of the value of the options could be would be around 50 million, chump change compared to the profits which will be rolling in in short order.
The stock is going up a tad due to the glowing financial report that was just released. But the stock will drop soon due to the news about Phil Schiller's stock sale (as AAPL always has fallen shortly after the release of such news). As if the $8m Schiller has already made on past sales wasn't enough! But one must wonder why Phil Schiller would buy now. He is either preparing to leave Apple or he doesn't have any long term faith in the stock!
I read that there are limited legal selling windows for the officers of a large corporation.
Maybe he has a pet project that he wants to fund or to start a side business. Or that he wants to contribute to the Stephen and Melinda Gates Foundation. Or wants to trade up to a bigger mega-yacht, or get one if he doesn't own one.
Originally posted by MacCentric The law suit is filed by lawyers plain and simple and they are the only beneficiaries.
That's precisely what I've been trying to argue in this thread, albeit with little success and proponents of "our American right to sue" keep popping up!
Comments
Originally posted by JDW
Everyone complained the same way in the late 90's when Apple hit $13 a share. Then a few years later when AAPL was flying high, those same folks moaned, "We shoulda bought at $13."
I would encourage everyone to buy $5,000 worth of AAPL now. If half the population of the US did this, I would be able to rack in a nice profit.
Seriously, a lot of us bought based on what this STUPID analysts have said. And sadly, most of the most ridiculous projections of stock price (e.g., >$100/share) was posted time and time again on this very site. So as a rule of thumb: (a) never listen to analysts and (b) definitely never think about buying stock based on any AppleInsider story (which have a rather optimistic stock slant to them).
Based on nearly 300 Million people, that would bring the stock up to just about an 800 Billion dollar market cap, which would give us about a 1600% return.
I'm one of those who bought at $15 and I have kept buying more on dips. I would have bought more this week near 50, but my brokerage account is fully invested at this time. The last time I bought was at $59 right before they released boot camp for a total cost basis of just under $36/share.
The thing is that when the stock is reaching new all time highs, buying is certainly much more risky especially short term. I fully believe that we will reach $100 per share, perhaps within a year, if not, I don't really care because I am in for the long haul. I think that people who bought in the 80's, if they are in for the long haul will be rewarded.
I also again reiterate what I said in this thread:
Originally posted by MacCentric
posted 07-12-2006 05:14 PM MacCentric
This is the analysts making themselves a nice buying opportunity before Apple blows away estimates next Wednesday. I think this may be the lowest you will ever be able to get Apple stock. This will give those analysts involved good bonuses when the stock reaches 90 after their company picked up large blocks at 53.
When the stock slides on an analyst's report when that exact same analyst has a price target of $90, it seems like he is saying one thing short term to make a buying opportunity so that his company or friends, etc. can get in at a lower price and maximize profits.
Big corporations will also sell stock to make it tank to trigger automated sells and stop losses in order to get back in at a lower price (They call it taking out the widows and orphans). This is and should be legal because anyone except insiders can buy and sell when they want. The key is to be smart, if your perspective is long term, you shouldn't let short term moves influence you.
When I look at a company, I look at things like profits, products, management, etc. If those are good, I will hold no matter what an analyst says.
Oh, and One More Thing (TM) Apple is once again worth more than the beleaguered computer maker Dell!
Originally posted by MacCentric
Based on nearly 300 Million people, that would bring the stock up to just about an 800 Billion dollar market cap, which would give us about a 1600% return.
I'm one of those who bought at $15 and I have kept buying more on dips. I would have bought more this week near 50, but my brokerage account is fully invested at this time. The last time I bought was at $59 right before they released boot camp for a total cost basis of just under $36/share.
The thing is that when the stock is reaching new all time highs, buying is certainly much more risky especially short term. I fully believe that we will reach $100 per share, perhaps within a year, if not, I don't really care because I am in for the long haul. I think that people who bought in the 80's, if they are in for the long haul will be rewarded.
I also again reiterate what I said in this thread:
When the stock slides on an analyst's report when that exact same analyst has a price target of $90, it seems like he is saying one thing short term to make a buying opportunity so that his company or friends, etc. can get in at a lower price and maximize profits.
Big corporations will also sell stock to make it tank to trigger automated sells and stop losses in order to get back in at a lower price (They call it taking out the widows and orphans). This is and should be legal because anyone except insiders can buy and sell when they want. The key is to be smart, if your perspective is long term, you shouldn't let short term moves influence you.
When I look at a company, I look at things like profits, products, management, etc. If those are good, I will hold no matter what an analyst says.
Oh, and One More Thing (TM) Apple is once again worth more than the beleaguered computer maker Dell!
Looks like you were right.. unfortunately, this came at the wrong time for me... i am having a bit of difficulty so could not lay out money for some stock but apple is now up over $6 a share today.. some analyst and his clients made a nice bundle if they bought low. Oh well, i have had to temporarily put a freeze on investing on apple until my ship is righted but it looks like last week would have been a nice time to buy.
As far as my own feelings on the long term outlook goes, I would be a bit worried over the next year due to this ludicrous lawsuit against alleged inpropriety by Apple execs. Funny, the suit is made by AAPL shareholders who only stand to lose more money if the stock tanks due to the very suit which they filed!
Originally posted by JDW
The stock is going up a tad due to the glowing financial report that was just released. But the stock will drop soon due to the news about Phil Schiller's stock sale (as AAPL always has fallen shortly after the release of such news). As if the $8m Schiller has already made on past sales wasn't enough! But one must wonder why Phil Schiller would buy now. He is either preparing to leave Apple or he doesn't have any long term faith in the stock!
As far as my own feelings on the long term outlook goes, I would be a bit worried over the next year due to this ludicrous lawsuit against alleged inpropriety by Apple execs. Funny, the suit is made by AAPL shareholders who only stand to lose more money if the stock tanks due to the very suit which they filed!
While I can't understand why Schiller would want to sell, it was planned last year so I don't believe that it reflects the status of the company or will move the stock much.
The law suit is filed by lawyers plain and simple and they are the only beneficiaries. Usually they will get some people to sign on as the lead plaintiff and then they can go ahead. All suits like this have the same result, even if they win, investors might get a few cents a share while the lawyers walk away with millions.
Apple just stated that what they have found so far would not even impact the financial earnings. I think the most that a reset of the value of the options could be would be around 50 million, chump change compared to the profits which will be rolling in in short order.
Originally posted by JDW
The stock is going up a tad due to the glowing financial report that was just released. But the stock will drop soon due to the news about Phil Schiller's stock sale (as AAPL always has fallen shortly after the release of such news). As if the $8m Schiller has already made on past sales wasn't enough! But one must wonder why Phil Schiller would buy now. He is either preparing to leave Apple or he doesn't have any long term faith in the stock!
I read that there are limited legal selling windows for the officers of a large corporation.
Maybe he has a pet project that he wants to fund or to start a side business. Or that he wants to contribute to the Stephen and Melinda Gates Foundation. Or wants to trade up to a bigger mega-yacht, or get one if he doesn't own one.
Originally posted by MacCentric The law suit is filed by lawyers plain and simple and they are the only beneficiaries.
That's precisely what I've been trying to argue in this thread, albeit with little success and proponents of "our American right to sue" keep popping up!