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Started By
Message
re: Time to sell or short Apple IMO
Posted on 4/10/15 at 9:52 am to lsu13lsu
Posted on 4/10/15 at 9:52 am to lsu13lsu
Well, I am a bit biased against Apple.
Back around 2000, I bought 2,000 shares of Apple at $20/share. At the time it had more cash on hand than its entire market cap. Was biggest no-brainer ever. After holding for about a year it was down to $18/share.
I got pissed and sold all of it. Never bought back in either.
(you can all laugh at TiM now)
Back around 2000, I bought 2,000 shares of Apple at $20/share. At the time it had more cash on hand than its entire market cap. Was biggest no-brainer ever. After holding for about a year it was down to $18/share.
I got pissed and sold all of it. Never bought back in either.
(you can all laugh at TiM now)
6
Posted on 4/10/15 at 10:24 am to Tiger n Miami AU83
So two wrongs make a right?
Posted on 4/10/15 at 10:27 am to Tiger n Miami AU83
quote:
you can all laugh at TiM now)
Not gonna laugh, I feel your pain. While nowhere near the amount of pain, I still feel it.
Was in Rite Aid a couple of years ago around $1.00. Ended up selling and today it sits at $8.15.
Posted on 4/10/15 at 11:17 am to Tiger n Miami AU83
They also haven't been wasting their cash on stock buybacks to line executives pockets. Investors and executives have been doing well short-term based on all these buybacks, but long-term they are a negative.
Long term I'd much rather have a management team that keeps that war chest in house for r&d, retention of highest skilled engineers/managers and acquisitions.
Long term I'd much rather have a management team that keeps that war chest in house for r&d, retention of highest skilled engineers/managers and acquisitions.
Posted on 4/10/15 at 5:00 pm to Tiger n Miami AU83
quote:
I bought 2,000 shares of Apple at $20/share. At the time it had more cash on hand than its entire market cap. Was biggest no-brainer ever. After holding for about a year it was down to $18/share.
So you subscribe to the buy high, sell low school of investing?
I would recommend holding Apple for the very long term unless the fundamentals change within the company.
Posted on 5/9/15 at 8:08 am to Tiger n Miami AU83
quote:
Well, I am a bit biased against Apple.
Back around 2000, I bought 2,000 shares of Apple at $20/share. At the time it had more cash on hand than its entire market cap. Was biggest no-brainer ever. After holding for about a year it was down to $18/share.
I got pissed and sold all of it. Never bought back in either.
(you can all laugh at TiM now)
Damn son you could of been a millionaire by now. Our stock club bought some when it was $10-15 cant remember now but we still have it
Posted on 7/15/15 at 1:45 pm to Tiger n Miami AU83
quote:
Back around 2000, I bought 2,000 shares of Apple at $20/share.
Don't want to rub salt in the wound, but this would be around $1,300,000 now. Yowza!
(I'm sure you've done the math already)
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