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Started By
Message
re: AAPL, AMZN earnings...
Posted on 10/26/12 at 11:38 am to Jed Zeppelin
Posted on 10/26/12 at 11:38 am to Jed Zeppelin
quote:
I dont own a single Apple product........
haha I'm the exact opposite. I have a mac, two ipads, nano, iphones... well my wife does!
And I used to own the stock, but I got fearful of how high it had risen and how dependent it is on new product development every year. It's done an awesome job at having at environment that people want to stay in. Will that last? I dunno. Just not worth the risk IMO.
I own amzn because I think the market share will continue to grow. Their mvmt to tablets is simply a retail strategy for them so lower margins aren't as significant for them. I became increasingly bullish when target and walmart dropped them from the shelves as it became aparent that they are a real threat to their business. I was close to selling them a few weeks ago, but they've since pulled back off my sell point. I've almost owned it for a year so I'll probably hold through next year, hope romney gets elected, and long term capital gains goes to 15 or lower.
Posted on 10/26/12 at 11:47 am to C
quote:
I got fearful of how high it had risen and how dependent it is on new product development every year.
Me too C. I am still way to the good on the investment in Apple, but probably should set a floor and maybe take some off the table. It is in my IRA, and I would like to be able to retire in a few years.
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