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Apple approaching 52 week low - time to buy?

Posted on 4/28/16 at 1:12 pm
Posted by Hugo Stiglitz
Member since Oct 2010
72937 posts
Posted on 4/28/16 at 1:12 pm
It's at 95 now. 52 week low - 92

Limit order set at $90?
Posted by Tiger4life306
Member since Apr 2016
420 posts
Posted on 4/28/16 at 1:23 pm to
I would just buy now, no need to get greedy.

Or buy 50% of how much you were going to buy right now and set a limit order at $90 for the other 50%
Posted by redfishfan
Baton Rouge
Member since Oct 2015
4423 posts
Posted on 4/28/16 at 1:31 pm to
I'm gonna buy in if it gets to around 85. Got a feeling it could get as low as 80 in the near future.
Posted by AUjim
America
Member since Dec 2012
3663 posts
Posted on 4/28/16 at 2:09 pm to
My advice is worth absolutely nothing, strictly opinion....but I don't like apple at all. I think Google is about to steal a huge portion of their market share, especially with the elimination of subsidized phone pricing as the standard practice....

Again, I can't emphasize enough that I don't know shite.
Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 4/28/16 at 2:09 pm to
Just saw on the news Icahn dumped his position. Could get bloody. Personally I'd wait for some dust to settle.
Posted by 632627
LA
Member since Dec 2011
12771 posts
Posted on 4/29/16 at 10:02 am to
quote:

with the elimination of subsidized phone pricing as the standard practice....


Agreed. I think the end of subsidies is bad for the handset makers.... Were people really that scared of cellphone contracts when it was the norm for every carrier and it allowed you to get an iPhone for $100?
Posted by AUjim
America
Member since Dec 2012
3663 posts
Posted on 4/29/16 at 10:08 am to
Personally, I won't be convinced to spend 600+ on an iphone with continually problematic and clunky software. Especially when I can get a google nexus for 100-200 cheaper.

I know they make other products, but iphone accounts for over almost 70% of their revenue...

Will be very interesting to see how they adapt.
This post was edited on 4/29/16 at 10:09 am
Posted by bayoubengals88
LA
Member since Sep 2007
18949 posts
Posted on 4/29/16 at 10:10 am to
If you go in at $90 I think you may want to average down soon after. I'm just looking at the overall market.
Posted by Grits N Shrimp
Kansas City, MO
Member since Dec 2014
646 posts
Posted on 4/29/16 at 11:12 am to
quote:

continually problematic and clunky software


Wut?
Posted by C
Houston
Member since Dec 2007
27825 posts
Posted on 4/29/16 at 11:21 am to
quote:

steal a huge portion of their market share


Android already has the majority of the market. Is Google making the hardware now?
Posted by Enfuego
Uptown
Member since Mar 2009
9883 posts
Posted on 4/29/16 at 11:22 am to
PE of 10.4! So unfair the way the market treats them
Posted by bayoubengals88
LA
Member since Sep 2007
18949 posts
Posted on 4/29/16 at 11:38 am to
Nothing is more unfair than the way the market treats FORD.
Posted by AUjim
America
Member since Dec 2012
3663 posts
Posted on 4/29/16 at 12:20 pm to
quote:

Wut?


continually problematic and clunky software
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 4/29/16 at 1:26 pm to
Apple,Gilead,Facebook,Google,IBM is pretty much the entire portfolio you need for the next 30 years. Toss in Tesla too, its overvalued but meh $32B company could be alot more.

Gilead and Apple are just steals there's no way around it. Google is just google and will dominate our lives forever and IBM if you read about their Watson program has something really special coming IMO. Facebook is just a flat out monopoly.

Those companies imo will be the great dividend payers of our generation much like the PM,MO,MCD,XOM of our parents generation

Buy them all and your grandkids will thank you dearly.
This post was edited on 4/29/16 at 1:27 pm
Posted by BigB0882
Baton Rouge
Member since Nov 2014
5308 posts
Posted on 4/29/16 at 2:49 pm to
Count me in as another who refuses to pay $800 for a phone. I can almost get a brand new macbook air for that price. I will need a new phone soon but I will just switch carriers and find someone willing to give me a phone for a good price or switch to a different type of phone, as much as I do not want to do that.

I don't care if I was always paying for the phone and just had it added into my bill. I don't want to come out of pocket $800 up front for a phone. I would much rather have that cost in my monthly bill and be under contract.
This post was edited on 4/29/16 at 2:50 pm
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7222 posts
Posted on 4/29/16 at 3:19 pm to
This is not the thread for this but whether you are paying the price through the bill or in the phone, you are paying the same price. If you go to someone like T Mobile, you may pay less but it's b/c you are getting worse service.

The real issue facing Apple is not the price of the phone but that now people are starting to keep their phones longer. The best android phones are price very close to IPhones.
Posted by AUjim
America
Member since Dec 2012
3663 posts
Posted on 4/29/16 at 4:50 pm to
Agree, mostly. Your point about people keeping phones longer is a very important one. And, i can get a nexus for 399
Posted by Brettesaurus Rex
Baton Rouge
Member since Dec 2009
38259 posts
Posted on 5/2/16 at 11:35 am to
Wow down to 92.80 today
Posted by baytiger
Boston
Member since Dec 2007
46978 posts
Posted on 5/2/16 at 12:33 pm to
quote:

d IBM if you read about their Watson program has something really special coming IMO.


IBM has some risky plays that it's juggling right now so it really could go either way. I do own a few shares that I plan on holding for the time being at least.
This post was edited on 5/2/16 at 12:33 pm
Posted by Sho Nuff
Oahu
Member since Feb 2009
11923 posts
Posted on 5/2/16 at 2:23 pm to
My plan was to finally sell my AAPL shares sometime later this year. But I couldn't resist $93 so I picked up some more

I think we'll see $120's for the iPhone 7.
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