I wish I owned 1,000 shares of Apple

[Bosch232]

Aapl: I bought in at $446.00.

[f=ma]

their stock is due for a big correction

unless they keep on making gobs of money

[Bosch232]

The analysts are all saying $600.00 is in reach within the next three quarters.
I'll sell when the clouds appear on the horizon.

[r2473]

I guess you didn't have $446,000 handy at the time.

By the way, are you really buying single stocks and trying to "out guess" the market? My brother was doing that for a while. Was telling me how easy it was to spot undervalued stocks.

Everything seemed to be working great, until............

[Bosch232]

I just have side money that I play with in the stock market. My real holdings are with our financial adviser. She's done us right.

Apple is up another 1.75% today. The stupid thing goes up about 3/4 of a point every day. No way can it do that indefinitely. It's sure fun to watch though.

[Bosch232]

I bought 11 shares on 1/25/12. That's 5 weeks ago. It's now up a hundred bucks from that.

The old saying, "Even a blind squirrel finds a nut occasionally" is in order here.

One of these days it's gonna have to slow down.

[03mach421]

Apple stocks have been incredible lately. As far as the correction that was stated earlier, that is possible but its going to continue to rise for a little while longer before that comes into play. Mr. Jobs had many products that hes already thought up of that arent released yet which will continue to net the company a plethora of profit. Also since the Apple is sitting on a very large sum of cash (in the tens of billions) its a very real possibility that they start a dividend program soon. That will give more money in return to the shareholders as well as aid in its continued rise in the market. My take, hold onto your shares because a $600/share price point is a very realistic.

[H_M]

their stock is due for a big correction

unless they keep on making gobs of money

i'm with you on this. i do my own investing and won't touch apple. it just doesn't make sense to me that a company that produces 4 products that we do not need can have a market cap of $550 billion. i like to buy & hold things that i know will be around when i'm old. i think that right now it's just "cool" to own apple stock. what's gonna happen when something cooler than the iphone/ ipad/ ipod comes along in 5 years.

[Bosch232]

what's gonna happen when something cooler than the iphone/ ipad/ ipod comes along in 5 years.

I will have sold LONG before then. I have a limit sell order in on it for $560.00. So if it shits the bed, I sell with a 20% gain. That works for me.

[cphafner]

I said at work the other day I was pissed I didn't toss a bunch of money in at when it was sub 100. Oh well hindsight is 20/20. You are also talking about a 20% gain, that isn't much.

[Cards]

didn't read any of the other posts, but I feel the stock will drop in the coming future, but then shoot through the ceiling again when the iphone 5 is anounced.

my plan is to purchase a few share...all I can afford, before the fall after it drops down some.

[Max Thunder]

I don't believe much in speculation, I'm more of a fan of mutual funds and I'm only interested in long-term growth.

Think about it: everybody is saying that Apple is going to go up. Ergo, everybody believes they should buy it because it is going to go up, therefore inflating the price. Then it might go up. But by definition, it means that the stock is eventually going to be corrected. It's up to you to decide when you're going to sell but you're gonna have to sell before this big correction happens. Apple is dependent upon novelty and that novelty aspect won't last forever. So for long term growth (10-15 years +), Apple is very bad imho, or at best, very unpredictable. The field innovates way too fast; the companies that subsist seem to be those that appeal to less innovation (as much as Windows changed, externally it is still about the same as windows 95) like Microsoft and IBM.

Maybe I'm all wrong and Apple will do what they should do: merge the best of tablets and PCs together to create practical computers and make there system more open (no sandboxing). I own an iPad that I won and I find it so annoying that I have to relate to 3rd party software just to be able to transfer photos by wifi from my main computer to my tablet. And then I can only visualize those photos with said software.

TL;DR.

[Bosch232]

I'm still in the game at $625.00.
But it's wildly volatile.

It's fluctuated over 4% in 5 days.

[cphafner]

I'm still in the game at $625.00.
But it's wildly volatile.

It's fluctuated over 4% in 5 days.

4% is 5 days no where near volatile. Apple is the class bull/bear argument right now. People throwing around 1000 price targets.

[f=ma]

4% is 5 days no where near volatile. Apple is the class bull/bear argument right now. People throwing around 1000 price targets.

what are your thoughts on alcoa? that is my only holding that is doing very poorly

my other material holdings (abt, wfc, bac, tivo) are doing well... but aa has been tanking and not looking back beyond a mild recovery so far this year

[Cards]

so from my understanding, stocks tend to change the most when information regarding the company is released. I'm going to bet, and i'm not a betting man, that when the iphone 5 is announced, apple will once again shoot through the roof.

I'm just looking for a day when the entire market is down to take advantage of this situation.

[Bosch232]

4% is 5 days no where near volatile.

If "4% in 5 days" isn't volatile to you, then by your way of thinking a stock could/should be normally moving 25% in one month. Show me some that do that on a regular basis.

[Bosch232]

what are your thoughts on alcoa? that is my only holding that is doing very poorly

The stuff I read on AA (very briefly, I'll admit) ranges from Neutral-Avoid. I did see one piece of news on them today that they're cutting smeltering production by about 4% this year, for whatever that's worth.


One stock I missed, and really wanted to throw a wild $1,000 at was Netflix. Back in January I convinced myself that they were a lost cause, but they've gone from $90.00 to $110 since then.

[f=ma]

im trying to find a couple new things to get

i have a pretty significant unrealized loss in AA. im going down with the ship on that one though

[cphafner]

If "4% in 5 days" isn't volatile to you, then by your way of thinking a stock could/should be normally moving 25% in one month. Show me some that do that on a regular basis.

I run a International Small/Mid Cap Growth Mutual Fund. Our stocks can move 4-5% every day, especially during these crazy times/earnings season. Can't disclose any holdings.

[cphafner]

what are your thoughts on alcoa? that is my only holding that is doing very poorly

my other material holdings (abt, wfc, bac, tivo) are doing well... but aa has been tanking and not looking back beyond a mild recovery so far this year

I don't know anything about it. I don't ever look at the large cap names.

[JimT42]

My high school friend owned 100 shares when Apple was at $20. I wonder if he sold them...