Crazy about Apple

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Barbara Jorgensen
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Crazy indeed
Barbara Jorgensen   3/16/2012 10:47:38 AM
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Bolaji and Ariella: I don't "do" stocks, but I would invest in Apple. I wouldn't jump at every movement, as I am more of a long-term investor (or rather my husband is). The comment about the one cent and the disconnect between the stock movement and news is funny. At any given moment, there is an Apple story on lawsuits, privacy issues, the supply chain or, of course the iPad. No wonder there are blog sites 100 percent devoted to Apple. It's a full-time job.

Ariella
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Re: Do you have Apple shares ?
Ariella   3/15/2012 6:21:47 PM
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@Bolaji Day traders must have enjoyed that movement.  I haven't bought it directly, but I may own shares indirectly as it is one of the stocks included in mutual fund holdings.  

Bolaji Ojo
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Re: Do you have Apple shares ?
Bolaji Ojo   3/15/2012 4:59:50 PM
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Barbara, This is turning into a bad joke turned good turned bad. Yes, Apple's stock price did hit $600.01 (don't ask why the one cent!) today but it then closed at $585.56. The trading range today was $578.55 to $600.01, a spread of about $22 in a single day -- nobody can assure me this is not a speculative stock. I guess it hit $600.01 on good news (don't ask me what) and then fell to $585.56 on bad news (again, don't ask me what.)

But that's not the wackiest thing about the stock right now. Apple's share price climbed to $400 less than two months ago! Yes. At this rate it might hit a million dollar in five years or less. Here's an interesting link: Apple Inc. (AAPL) Hits $600 Mark Only 57 Days After Hitting $400. Are you buying yet?

Ariella
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Re: Do you have Apple shares ?
Ariella   3/15/2012 4:50:44 PM
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@Barbara Perhaps they meant the low of $315.32 it hit this past summer. If you would have bought it at that price, you could have nearly doubled your money in less than a year. 

Barbara Jorgensen
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Re: Do you have Apple shares ?
Barbara Jorgensen   3/15/2012 4:34:06 PM
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Ariella: I read today that Apple hit $600/share today. The article (I forgot where I saw it) said this was a "rebound" in Apple's stock.  Rebound from what? I was unaware that it had tanked!

Ariella
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Re: Do you have Apple shares ?
Ariella   3/15/2012 9:59:24 AM
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Yesterday I heard a report that some people continue to buy at these apparently high prices over $500 a share because they believe it can hit $1000 a share. 

Bolaji Ojo
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Re: Do you have Apple shares ?
Bolaji Ojo   3/15/2012 8:34:59 AM
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Apple's stock price is daily setting new record high. A few analysts have raised their target for the stock -- it's now $700 in one case. (See Apple May Climb Above $700 on New iPad.)

Bolaji Ojo
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Re: Sell?
Bolaji Ojo   3/13/2012 7:11:43 PM
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That would be good advice if one were to follow what an investment adviser says. They typically suggest buy the low and sell the high but who knows where the high is (will be?) for Apple? It just set a new record price today.

Himanshugupta
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Supply Network Guru
Re: Do you have Apple shares ?
Himanshugupta   3/12/2012 8:14:04 AM
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I donot have apple shares but i would not buy them at such a high price. Better to look for other companies where the growth chances are good.

Nemos
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Supply Network Guru
Re: Do you have Apple shares ?
Nemos   3/10/2012 9:49:07 AM
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Of course Apple is, who said something different ? We are asking from the readers to define their answer by if they are holding shares or not.

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