Apple stock

Well, it continues to soar, no matter what the rest of the market does.

The question for other investor types - is it insane not to grab some right now? Or is it just the opposite - is the bottom bound to fall out?

 

Waylon, as my broker tells me when I ask these kinds of questions:

It's anybody's guess".

I have been in situations where I guessed and did all right...where I guessed and did poorly...and where I guessed and got my clock cleaned.

Two days ago Apple was down about 8 on news that the Iphone wasn't selling that well.

Today in early trading it was up 8.

Anybody's guess.

 

With all the programed trading, the automatic deductions for retirement plans and that money flowing to mutual funds prices will rise. As soon as there's a recession and people cut back, voluntarily or otherwise, on their automatic contributions, the market will fall, also not based on value.

Investments themselves are a commodity subject to supply and demand, with seeming little regard for the underlying fundamentals.

 

Bought mine in 1984, along with Microsoft.
Two guesses on which one will allow me to retire any time I want to.

 

Please tell me you're not kidding. I've always wanted to meet someone who purchased either/or back then and still has it. I've met plenty of people who sold and regretted, yet none who held.

 

When I buy, it's time to sell.

 

Yeah, it's probably a good buy, but it has a very high P/E (price-to-earnings) ratio. Which means, when it falls, it's gonna fall hard. For every dollar of earnings, the stock price will rise/fall $46.

If they continue their R&D efforts, you shouldn't have much to worry about.

 

Since Microsoft went public in 1985, I would assume that he bought Apple in 1984.

 

FACT!

FACT!

Yeah, I laid it out on two competing posts, but the reality is all in the R&D. The iPhone didn't sell nearly well enough. Their recent earnings statement mentioned a bunch of money set aside for product development. As such, whatever the new product is, hopefully it isn't as stupid as the Apple TV unit or as costly as the iPhone. Judging by the amount of flash memory they've purchased, I would venture to guess at large memory iPods that are super thin.

 

Correct (he is a she). Actually, I think the Microsoft was earlyish 1986, not 1985. I remember this because I went on a graduation trip to the Soviet Union right afterwards.
Man, if I remember right, it was about $20 a share.

I sold some about 10 years ago when we bought a house but kept the bulk of it. I think there have been nine splits.

 

I think the last few days has answered this original question. Down $20 from its peak just a week or two ago. Damn.