I own shares. The stock has been rather boring in the recent months. The EMI/DRM announcement didn't seem to affect it at all. Maybe today's 100 million iPods one will. Or the iPhone introduction.
The stock is a phenomenal buy even at current high levels. The price is stalled at $93-$94 because of heavy option trader action around a $95 strikepoint. Once it breaks thru $95, then we'll have to deal with the $100 options. If you start buying shares now, barring unforseen political or non-technical issues, by the end of 2007 or early 2008 you'll have made enough money to buy that 8 core Pro with a flux capacitor that you've been lusting after.
I bought some Apple stock before the split for $13 a share (so $6.50 a share compared to the $93 it's worth today). I was still in high school so I only bought 25 shares. I wish I bought more back then.
I sold some last year to help start my home business, I plan on buying back the shares that I sold within the next few months.
The stock is a phenomenal buy even at current high levels. The price is stalled at $93-$94 because of heavy option trader action around a $95 strikepoint. Once it breaks thru $95, then we'll have to deal with the $100 options. If you start buying shares now, barring unforseen political or non-technical issues, by the end of 2007 or early 2008 you'll have made enough money to buy that 8 core Pro with a flux capacitor that you've been lusting after.
Hey, I'm a bit of a stock-newb, but can you explain that a little more or provide links?
What's a strike point? By options, do you mean employee stock options?
Hey, I'm a bit of a stock-newb, but can you explain that a little more or provide links?
What's a strike point? By options, do you mean employee stock options?
Greg,
My apologies for the jargon. Options refer to 'put" and "call" options to buy or sell stock at a given price on a stated future date. It's a long complex discussion on how options trading affects stock prices. You can Google "put option", "call option" or go to OptionsXpress.com for a primer on Options trading , how it ties into stock trading and how it affects the price of a stock.
I own some. I think the big gainers in the next few years for Apple will be:
(not in any particular order)
1. Growing marketshare = higher sales = higher valued shares (future iterations of OS X and Mac's are in the mix here).
2. Apple enters the mobile phone business = several different phone models ranging from simple to extravagant = money = higher valued shares (Apple may become a service provider eventually too).
3. Apple TV box, Apple Television, iTunes iPTV service = potential huge money earner = higher valued shares.
4. iPod = Video touchscreen = real mobile video = higher valued shares.
5. Apple stores, sometime in the next 10 years apple may have a store in every country in Europe too.
I think most if not all iPod's will be replaced by mobile phones from Apple over the next two years, but it will be some time (if ever) before that happens to video iPod's, and I don't mean the 5G iPod, I mean the video iPod's that are coming this year. Apple may keep an iPod like the shuffle round for a while if they continue to sell, and for those people who like just music while jogging or without being contact-able. Music playing mobile phones are the future, most people will come round to that eventually, espeicaily when Apple proves to them it can be done right.
I hope you have converted some of that gain into cash.
No, not yet. It'll be a heck of a tax hit once I do... I'll wait to see if they can actually break $100 or if they split again... aw, you got me, I'll probably just buy more when that happens anyway.
No, not yet. It'll be a heck of a tax hit once I do... I'll wait to see if they can actually break $100 or if they split again... aw, you got me, I'll probably just buy more when that happens anyway.
Spam,
You want to sell a little bit, take some profit. If you've held it more than a year, its long term capital gains at a lower tax rate (~15%) than short term capital gains rate (~35%). I had a friend who bought lots of Iomega stock just before they got smoking hot (mid 90s) with their zip drives. He held on thinking the stock would go up forever. Never happens. Iomega crashed hard back to earth and my friend didn't make a dime, losing about ~$50K in profits he could have had.
You want to sell a little bit, take some profit. If you've held it more than a year, its long term capital gains at a lower tax rate (~15%) than short term capital gains rate (~35%). I had a friend who bought lots of Iomega stock just before they got smoking hot (mid 90s) with their zip drives. He held on thinking the stock would go up forever. Never happens. Iomega crashed hard back to earth and my friend didn't make a dime, losing about ~$50K in profits he could have had.
Absolutely true. No intent to compare Apple with Iomega. Just comparing the stock situations--sitting on a load of paper profit and not taking a little cash profit. Even the Oracle of Omaha does that.
Interesting site. There are other online trader competitions, but I went ahead and joined up to see if it's any fun.
Spam,
Good for you. It's a complex world--options trading is not for amateurs like you and I. But, if you understand it, you get a better understanding of how stock prices go up and down. Also, sooner or later, as you learn more, you'll discover that large institutional investors and Hedge funds by and large control the entire stock market.
Good for you. It's a complex world--options trading is not for amateurs like you and I. But, if you understand it, you get a better understanding of how stock prices go up and down. Also, sooner or later, as you learn more, you'll discover that large institutional investors and Hedge funds by and large control the entire stock market.
Well, I'm not exactly new to trading. Been doing it for nearly 10 years, but the fancy-shmancy trading (like futures) I've generally avoided. And of course the big boys control the market, but they in turn are susceptible to panic selling and 'emotional' fluctuations in the market that don't concern those of us who are long-term buy and hold traders.
Well, I'm not exactly new to trading. Been doing it for nearly 10 years, but the fancy-shmancy trading (like futures) I've generally avoided. And of course the big boys control the market, but they in turn are susceptible to panic selling and 'emotional' fluctuations in the market that don't concern those of us who are long-term buy and hold traders.
Spam,
Spoken like a true devotee of "The Oracle of Omaha".
Comments
Heres to AAPL being the next BRKA and worth $109,000 a share.
(I've actually lunched with Warren Buffet at his favorite steak house, Gorat. He's an amazing guy and it's cool we share the same hometown.)
The stock is a phenomenal buy even at current high levels. The price is stalled at $93-$94 because of heavy option trader action around a $95 strikepoint. Once it breaks thru $95, then we'll have to deal with the $100 options. If you start buying shares now, barring unforseen political or non-technical issues, by the end of 2007 or early 2008 you'll have made enough money to buy that 8 core Pro with a flux capacitor that you've been lusting after.
I sold some last year to help start my home business, I plan on buying back the shares that I sold within the next few months.
Melgross sounds like he has a much, much larger stake in AAPL, so I won't brag too much.
You really do need a flux capacitor!
Spam,
I hope you have converted some of that gain into cash.
Congrats Sailo. Smart guy, smart parents.
The stock is a phenomenal buy even at current high levels. The price is stalled at $93-$94 because of heavy option trader action around a $95 strikepoint. Once it breaks thru $95, then we'll have to deal with the $100 options. If you start buying shares now, barring unforseen political or non-technical issues, by the end of 2007 or early 2008 you'll have made enough money to buy that 8 core Pro with a flux capacitor that you've been lusting after.
Hey, I'm a bit of a stock-newb, but can you explain that a little more or provide links?
What's a strike point? By options, do you mean employee stock options?
Hey, I'm a bit of a stock-newb, but can you explain that a little more or provide links?
What's a strike point? By options, do you mean employee stock options?
Greg,
My apologies for the jargon. Options refer to 'put" and "call" options to buy or sell stock at a given price on a stated future date. It's a long complex discussion on how options trading affects stock prices. You can Google "put option", "call option" or go to OptionsXpress.com for a primer on Options trading , how it ties into stock trading and how it affects the price of a stock.
(not in any particular order)
1. Growing marketshare = higher sales = higher valued shares (future iterations of OS X and Mac's are in the mix here).
2. Apple enters the mobile phone business = several different phone models ranging from simple to extravagant = money = higher valued shares (Apple may become a service provider eventually too).
3. Apple TV box, Apple Television, iTunes iPTV service = potential huge money earner = higher valued shares.
4. iPod = Video touchscreen = real mobile video = higher valued shares.
5. Apple stores, sometime in the next 10 years apple may have a store in every country in Europe too.
I think most if not all iPod's will be replaced by mobile phones from Apple over the next two years, but it will be some time (if ever) before that happens to video iPod's, and I don't mean the 5G iPod, I mean the video iPod's that are coming this year. Apple may keep an iPod like the shuffle round for a while if they continue to sell, and for those people who like just music while jogging or without being contact-able. Music playing mobile phones are the future, most people will come round to that eventually, espeicaily when Apple proves to them it can be done right.
Spam,
I hope you have converted some of that gain into cash.
No, not yet. It'll be a heck of a tax hit once I do... I'll wait to see if they can actually break $100 or if they split again... aw, you got me, I'll probably just buy more when that happens anyway.
No, not yet. It'll be a heck of a tax hit once I do... I'll wait to see if they can actually break $100 or if they split again... aw, you got me, I'll probably just buy more when that happens anyway.
Spam,
You want to sell a little bit, take some profit. If you've held it more than a year, its long term capital gains at a lower tax rate (~15%) than short term capital gains rate (~35%). I had a friend who bought lots of Iomega stock just before they got smoking hot (mid 90s) with their zip drives. He held on thinking the stock would go up forever. Never happens. Iomega crashed hard back to earth and my friend didn't make a dime, losing about ~$50K in profits he could have had.
Spam,
You want to sell a little bit, take some profit. If you've held it more than a year, its long term capital gains at a lower tax rate (~15%) than short term capital gains rate (~35%). I had a friend who bought lots of Iomega stock just before they got smoking hot (mid 90s) with their zip drives. He held on thinking the stock would go up forever. Never happens. Iomega crashed hard back to earth and my friend didn't make a dime, losing about ~$50K in profits he could have had.
That's good food for thought, thanks.
Apple is not dependent on one product though.
Absolutely true. No intent to compare Apple with Iomega. Just comparing the stock situations--sitting on a load of paper profit and not taking a little cash profit. Even the Oracle of Omaha does that.
Here's a good beginners site to learn about options trading and other stock investing basics.
http://www.investopedia.com/articles...Advantages.asp
Greg et al.
Here's a good beginners site to learn about options trading and other stock investing basics.
http://www.investopedia.com/articles...Advantages.asp
Interesting site. There are other online trader competitions, but I went ahead and joined up to see if it's any fun.
Interesting site. There are other online trader competitions, but I went ahead and joined up to see if it's any fun.
Spam,
Good for you. It's a complex world--options trading is not for amateurs like you and I. But, if you understand it, you get a better understanding of how stock prices go up and down. Also, sooner or later, as you learn more, you'll discover that large institutional investors and Hedge funds by and large control the entire stock market.
Spam,
Good for you. It's a complex world--options trading is not for amateurs like you and I. But, if you understand it, you get a better understanding of how stock prices go up and down. Also, sooner or later, as you learn more, you'll discover that large institutional investors and Hedge funds by and large control the entire stock market.
Well, I'm not exactly new to trading. Been doing it for nearly 10 years, but the fancy-shmancy trading (like futures) I've generally avoided. And of course the big boys control the market, but they in turn are susceptible to panic selling and 'emotional' fluctuations in the market that don't concern those of us who are long-term buy and hold traders.
Well, I'm not exactly new to trading. Been doing it for nearly 10 years, but the fancy-shmancy trading (like futures) I've generally avoided. And of course the big boys control the market, but they in turn are susceptible to panic selling and 'emotional' fluctuations in the market that don't concern those of us who are long-term buy and hold traders.
Spam,
Spoken like a true devotee of "The Oracle of Omaha".