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re: Would Apple stock be a good buy right now?

Posted on 6/30/10 at 7:43 pm to
Posted by tiger perry
Member since Dec 2009
25668 posts
Posted on 6/30/10 at 7:43 pm to
I wish they would split the stock so the price would be more reasonable to buy more shares. You don't hear much about stock spits anymore...
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 6/30/10 at 8:59 pm to
Apple hasn't split since I think 2005.

There are two things you can bank on with regards to Apple stock almost monthly:

A 4 for 1 split and Verizon.

Either would suit me just fine.


Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/30/10 at 9:05 pm to
Scoop would have to understand the basic meaning of valuation to be able to have an opinion on it. Considering his opinion of my opinion, I believe he does not.
Posted by CajunTiger92
Member since Dec 2007
2868 posts
Posted on 6/30/10 at 9:29 pm to
quote:

Aside from general market conditions I meant to say.


General market conditions are pretty important, even for strong companies. In 2008-1Q09, AAPL's earnings increased and continued to beat estimates yet the stock went from around 200 down to the 80s. Just how it goes.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26745 posts
Posted on 6/30/10 at 9:39 pm to
quote:

I wish they would split the stock so the price would be more reasonable to buy more shares.





You should probably hang out on the Poli Board
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/30/10 at 9:52 pm to
You guys are clearly those people who just hate on everything APPL does no matter what!
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26745 posts
Posted on 6/30/10 at 10:29 pm to
Evo>>>>iPhone


like that?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 7/1/10 at 8:47 am to
No, the trick is to fool them by not actually saying anything bad about the company. Not understanding the basic meaning of valuation (among other things) makes this possible, as you can say the stock is overvalued, and they will not be able to divorce that from thinking you said "this company sucks lol google rulez." Works every time.
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
44393 posts
Posted on 7/1/10 at 8:59 am to
Don't remember who it was, but CNBC just said there was another Apple upgrade to day with a price target of $390.
Posted by tigerfan4444
Member since Apr 2008
702 posts
Posted on 7/1/10 at 9:06 am to
quote:

20% is 20% I get that, it just seems that the penny stocks I have been playing lately it is easier for them to have a 20% swing (higher or lower) as opposed to a higher dollar stock


If AAPL's stock price were $25,000 a share then I could see a problem with having two grand to invest.

Someone mentioned the penny stock MOPN here recently. I looked at it this morning and if you bought this morning at the ask, then you would be down 4% right away because of the bid price.

I think some people are in love with penny stocks because they see on yahoo finance that Altria traded for "pennies" back in the early 70s. Those prices are adjusted prices due to splits and dividends.

Why not grab some AAPL calls if you feel strongly that it will move up.

You can buy 2 AAPL Aug 260 calls for $2,400.00 right now.

I just made 18% in two days with some Aug puts in a retailer when I closed the position this morning.
This post was edited on 7/1/10 at 7:35 pm
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
17452 posts
Posted on 7/1/10 at 9:07 am to
i was initially regretting my $258 sell. now would be the time for me to re-enter.

what do you say?
Posted by tigerfan4444
Member since Apr 2008
702 posts
Posted on 7/1/10 at 9:12 am to
AAPL 's stock price during that time suffered due to general market conditions, but the other thing that weighed heavily on the stock price was JOBS health during the period.

There was also a rumour of JOBS heart attack in October of 2008 that sent it down.

Remember when people freaked out because he looked "too skinny".

This post was edited on 7/1/10 at 9:39 am
Posted by ShreveportTiger07
Shreveport
Member since Apr 2009
255 posts
Posted on 7/1/10 at 11:33 am to
I shunned the stock until I went to the Apple store Mall of Louisiana to get my iPod repaired. They fixed the problem with it, and the customer service was amazing.

That's what really opened my eyes to the fact that this company is as committed to providing the most outstanding experience to their consumers as possible. They have a militant dedication to quality. Any company with that kind of commitment will likely have a bright future.

The only reason I won't buy is I have no idea how that culture will endure after Steve Jobs leaves. We saw how well they did last time he left.
Posted by CajunTiger92
Member since Dec 2007
2868 posts
Posted on 7/1/10 at 5:52 pm to
quote:

Remember when people freaked out because he looked "too skinny".


True, but if I recall correctly, the Steve Jobs health issue was going on the summer of 2008.

On 9/2/08 AAPL opened at 172 and on 10/7/08 AAPL closed at 89.10. Lehman Brothers filed for bankrupcy on 9/15/08. I don't think Steve Jobs could have kept AAPL in the green if he was on live TV doing one hundred one-handed pushups while Oprah sat on his back.

BTW, I think at some point the "what will we do without Jobs" issue will resurface.
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 7/1/10 at 5:59 pm to
quote:

Don't remember who it was, but CNBC just said there was another Apple upgrade to day with a price target of $390.


J.P. Morgan and they said they didn't expect this to be their last upward revision for AAPL.
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
10957 posts
Posted on 7/1/10 at 6:36 pm to
Equity analyst prognostications make economists look brilliant.
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 7/1/10 at 6:46 pm to
quote:

Any company with that kind of commitment will likely have a bright future.


Right. So then the question becomes "at what price"? The company can have the brightest future imaginable and still have a stock price that is too high.

In 2000, investors paid $600 BILLION for $4 Billion of Cisco earnings. Presently, they are paying $121 Billion for $7 Billion of earnings. The company did fine in the past decade. Buyers in 2000 got fricking hosed.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 7/1/10 at 8:11 pm to
quote:

So then the question becomes "at what price"? The company can have the brightest future imaginable and still have a stock price that is too high.



Maybe you will have more success than I have had, and lord knows I've tried to explain this unbelievably straightforward concept. Apparently, me asking this question puts me squarely in the hater camp.
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