Shares of Apple hit new 52-week high days before 7-for-1 stock split

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Comments

  • Reply 21 of 48
    rogifanrogifan Posts: 10,669member
    carthusia wrote: »
    Where are all the whiners that were calling for Tim Cook's head a year ago?
    Telling us how Cook is a genius for buying Beats. :D
  • Reply 22 of 48
    solipsismxsolipsismx Posts: 19,566member
    melgross wrote: »
    Or, go up, as small investors jump into the stock.

    I allows smaller investors to make larger investments.
  • Reply 23 of 48
    rogifanrogifan Posts: 10,669member
    aaronj wrote: »
    Personally, I am fairly sure that Constable Odo is somewhere in a dark, dank room curled up into the fetal position, repeating "It can't be!  It can't be!  It can't be!" over and over and over again.  While weeping, of course.
    Nah he's all happy now because Apple is DOING SOMETHING (i.e. spending $3B on Beats).
  • Reply 24 of 48
    genovellegenovelle Posts: 1,481member
    Quote:

    Originally Posted by GTR View Post







    I agree with jkichline.



    Here's an interesting article about Apple, the soon-to-be-first supercompany:



    http://www.torusoft.com/blog/how-to-recognize-a-super-company

    Wow!  That was a great article!

  • Reply 25 of 48
    thrangthrang Posts: 1,024member
    Not only will the split price make it more attractive for the masses, my understanding is even a number of institutional investors have certain per share cost ceilings they are averse to cross...so I think apple will become more of a play for institutional as well as individual investors.
  • Reply 26 of 48
    rogifan wrote: »
    Nah he's all happy now because Apple is DOING SOMETHING (i.e. spending $3B on Beats).

    Except he's mad because he lost everything he owned and then some from his leveraged long position in the fall/winter 2012-2013. The stock price going up isn't helping him because I'm sure he got margin calls and his position was sold off to pay the debt, but leaving a lot of leveraged debt remaining. I was dumb enough to try it too and have lost thousands in interest and selling some below purchase price to reduce the principle owed. Tomorrow I imagine it will pass the price I bought on leverage at. It's been an awful lesson to learn (that leverage is a huge generally stupid gamble), but thankfully patience has kept the loss from being catastrophic, as it would have been selling at $384 a share when some predicted it would continue to go down. Even in those dark days I still believed in Cook and Apple.
  • Reply 27 of 48
    constable odoconstable odo Posts: 1,041member
    Quote:

    Originally Posted by bloggerblog View Post

     

    I'm not sure why people are buying it right before the split, it's not like they'll be getting a great deal. I'm guessing it'll drop shortly after the split.


    Or go up higher if Apple gets added to the Dow.  I'm not getting greedy.  I'd like to see Apple hold this level for at least a couple of weeks and continue yearly dividend increases.  Apple isn't Priceline, Tesla or Netflix so I don't expect huge gains like they get.  However, if Apple clears the $650 mark by the end of the year, I'll definitely be satisfied.  I trust Apple will do what it needs to but I don't trust the stock market at all.  There are too many profitless companies being pumped up in value and no one says a damn thing about those companies being overvalued or being ready to collapse.  It's only Apple that attracts the skeptics on its supposed imminent path of doom.

  • Reply 28 of 48
    solipsismxsolipsismx Posts: 19,566member
    Or go up higher if Apple gets added to the Dow.

    How that positively affects the stock value? Perception that the investment is more stable?
    I trust Apple will do what it needs to but I don't trust the stock market at all.  There are too many profitless companies being pumped up in value and no one says a damn thing about those companies being overvalued or being ready to collapse.  It's only Apple that attracts the skeptics on its supposed imminent path of doom.

    I'm glad to see this Odo back with us. We missed you.
  • Reply 29 of 48

    Being Screaming since 430 that this stock will see new highs :p;)

  • Reply 30 of 48
    herbapouherbapou Posts: 2,228member
    Quote:

    Originally Posted by Jack Baker View Post



    The split date and record date are not well understood by journalists. It doesn't matter whether you buy Apple shares after June 2nd. All shares bought between June 2nd and June 9th will get 7 shares for every share owned. June second is not a deadline of any kind.

     

    was wondering exactly that. I don't get the june 2nd date at all.

  • Reply 31 of 48
    plovellplovell Posts: 826member
    Heh - I still have some in an IRA at $24. Downside is that I don't have more :(

    As far as price goes - in most cases the "real price" rises after a split. So AAPL might be $624 today but could be close to $100 after the 7/1 split. Doesn't always happen but I suspect it will with Apple because there will be more in the market at the lower split price. High price-per-share does keep people out of the market and that is often deliberate. Berkshire Hathaway is an excellent example.
  • Reply 32 of 48
    pazuzupazuzu Posts: 1,728member
    Beats deal just downgraded to $3Billion. But looks like a done deal. God help Apple now.
  • Reply 33 of 48
    tallest skiltallest skil Posts: 43,388member
    Originally Posted by pazuzu View Post

    Beats deal just downgraded to $3Billion. But looks like a done deal. God help Apple now.

     

    Link and link?

  • Reply 34 of 48
    slurpyslurpy Posts: 5,385member
    Quote:

    Originally Posted by Constable Odo View Post

     

    Or go up higher if Apple gets added to the Dow.  I'm not getting greedy.  I'd like to see Apple hold this level for at least a couple of weeks and continue yearly dividend increases.  Apple isn't Priceline, Tesla or Netflix so I don't expect huge gains like they get.  However, if Apple clears the $650 mark by the end of the year, I'll definitely be satisfied.  I trust Apple will do what it needs to but I don't trust the stock market at all.  There are too many profitless companies being pumped up in value and no one says a damn thing about those companies being overvalued or being ready to collapse.  It's only Apple that attracts the skeptics on its supposed imminent path of doom.


     

    And in the pas few months you've been one of the loudest shriekers of Apple is doomed I've ever seen, bashing the company at every turn and demanding the head of the CEO, so please enough with the pathetic hypocrisy. It's "supposedly doomed" exactly because of the chorus of people like you. And you've yet to apologize for being so vile, condescending, and so wrong. What happened to Cook destroying the company? Isn't that what you've been vomitting over and over to no end?

  • Reply 35 of 48
    SpamSandwichSpamSandwich Posts: 33,407member
    Link and link?

    It's just more rumor and speculation.
  • Reply 36 of 48
    slurpyslurpy Posts: 5,385member
    Quote:
    Originally Posted by pazuzu View Post



    Beats deal just downgraded to $3Billion. But looks like a done deal. God help Apple now.

     

    If I had to pray for God to help someone, I think the richest and most successful company on the planet would not be on that list.

     

    But go on with the sensational trolling, based on a rumor of a rumor. A report yesterday said that the deal was nowhere near final and Apple had not even done its due diligence. Another said that the entire thing is fake. It may or may not be, so how the **** does anything look like a "done deal"? And even if it is, so what? Worst possible case scenario is that they threw 1.5% of their cash in the bank down the toilet, and less than a month of revenue, assuming they don't make a PENNY in the future from the acquisition. Thats less than other big tech companies spend every day.

     

    The fact that people like you exist fascinates me. 

  • Reply 37 of 48
    danoxdanox Posts: 3,108member
    Bought more AAPL and GTAT shares, long Apple.
  • Reply 38 of 48
    <div align="center"><img src=http://photos.appleinsidercdn.com/gallery/9041-499-1280px-Wall_Street_-_New_York_Stock_Exchange-l.png alt="" />
    <span class="minor2 small gray">The New York Stock Exchange, credit Carlos Delgado <a href="http://commons.wikimedia.org/wiki/File:Wall_Street_-_New_York_Stock_Exchange.jpg">via</a> Wikipedia.</span></div>

    Why is there a picture of NYSE? Apple is listed on NASDAQ.
  • Reply 39 of 48
    brisancebrisance Posts: 63member

    IMO the first supercompany is not Apple, but the British East India Company. At its peak it handled about half of the world's trade.



    And I seem to recall an apocryphal story about NeXT being the first full-robotized computer assembly plant. Can't find the reference now, should be somewhere in the Googles or interwebs.

  • Reply 40 of 48
    anantksundaramanantksundaram Posts: 20,407member
    Quote:

    Originally Posted by brisance View Post

     

    IMO the first supercompany is not Apple, but the British East India Company. At its peak it handled about half of the world's trade.


    Actually, it was preceded by that other one, the Dutch East India Company... ;)

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