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AAPL Stock: 562.29 ( -3.03 )

Shares of AAPL up 5 percent ahead of special event

updated 02:40 pm EDT, Tue September 6, 2005

AAPL up 5 percent


Shares of Apple . MarketWatch reports that Apple shares rose $2.47 to $48.69 in afternoon trading, after earlier touching a new 52-week high of $48.81 on heavy volume. "Analysts believe that Apple will either begin making its own iPod-equipped mobile phone or roll out such a device in partnership with Motorola Inc . In addition, Apple is expected to begin shipping a cheaper version of the market-leading product."


by MacNN Staff

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  1. climacs

    Fresh-Faced Recruit

    Joined: Sep 2001

    0
    09/06, 02:58pm | report spam | Reply |

    Dear Dad:

    You thought I was stupid for buying AAPL at $19 (well before the split).

    You advised me to lock in my gains several months ago. After all, you haven't made any money until you sell.

    You don't think I know how to pick stocks.

    Dear Dad,

    f*** YOU.

  1. koolkid1976

    Fresh-Faced Recruit

    Joined: May 2003

    0
    09/06, 03:12pm | report spam | Reply |

    re: Dear Dad:

    That's kinda harsh isn't it? Unless of course your dad is Michael Dell or Steve Ballmer.

  1. testudo

    Fresh-Faced Recruit

    Joined: Aug 2001

    0
    09/06, 03:21pm | report spam | Reply |

    Dear Son

    Guess what, until you sell, its still all paper profits that could just as easily evaporate tomorrow after the event as they rose up before the event.

    And just because you picked one stock that went up does NOT mean you know how to pick stocks, it just means that, for once, you got lucky.

    Oh, and since you're such a financial genius, how about moving out of the house this weekend and stop mooching off your parents.

  1. ogun

    Junior Member

    Joined: Sep 2001

    0
    09/06, 03:45pm | report spam | Reply |

    re dear dad/son

    damn, boy, but you (both of you)are in a bad mood today, aren't you? invested heavily in Lousiana shrimp futures, did you?

  1. climacs

    Fresh-Faced Recruit

    Joined: Sep 2001

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    09/06, 04:12pm | report spam | Reply |

    FYI

    I also bought $4000 worth of stock in a company that ended up being bought by Phillips 66, which is now merged into ConocoPhillips, so my original $4000 investment is now worth $40,000.

    So those of you who say I 'got lucky' picking one stock, think of me and how I am profiting from your pain when you are filling up with $3.50 a gallon gasoline.

  1. climacs

    Fresh-Faced Recruit

    Joined: Sep 2001

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    09/06, 04:15pm | report spam | Reply |

    paper profits

    Guess what, until you sell, its still all paper profits that could just as easily evaporate tomorrow after the event as they rose up before the event.

    yes, that's very true, Chicken Little, the sky could fall at any time, but somehow I doubt that Apple is going to suddenly stop being an industry leader.

    But, hey the world could end and Jesus could return any time now. But I'm not betting on those happening either.

  1. rtbarry

    Fresh-Faced Recruit

    Joined: Aug 2001

    0
    09/06, 04:24pm | report spam | Reply |

    your dad...

    reads MacNN? if not, you are the most passive/aggressive person on the planet.

    but congrats on your picks! i'll be sitting on my apple (and a few other choice picks) for quite awhile as well :-)

  1. Peter Bonte

    Fresh-Faced Recruit

    Joined: Aug 2001

    0
    09/06, 04:33pm | report spam | Reply |

    emo

    I bought 25.000 pure for emotional reasons at 75 before the split, it didn't went bad (thank god). Its the only stock i have and i know zip about stock-trading, risky but sometimes a man needs to follow his hart. :D

  1. Ganesha

    Senior User

    Joined: Jul 2002

    0
    09/06, 07:39pm | report spam | Reply |

    Stocks...

    All I know about trading is...

    1. Do not buy stocks in a company who's product you don't buy/use.

    Using this as my main stock screening criteria, I've yielded average yearly returns of just over 60% :D. Yes, Apple did help in this percentage, but this year it's NetFlix is pulling my totals up. PCS (now reabsorbed into FON) also give me a nice ROI.

  1. testudo

    Fresh-Faced Recruit

    Joined: Aug 2001

    0
    09/07, 08:52am | report spam | Reply |

    Re: paper profits

    yes, that's very true, Chicken Little, the sky could fall at any time, but somehow I doubt that Apple is going to suddenly stop being an industry leader.

    Yeah, I'm sure that's what all the Enron investors said, right before it crashed. And what Apple investors said when it was at 140/80, when it decided to crash/burn as the .com bubble burst and the stock plummeted more than 50%.

    Oh, and being a market leader has absolutely nothing to do with stock price. Being considered a 'golden boy' does. As long as the analysts buy the hype, you're fine. The moment any type of blip occurs, it'll fall real fast.

    Oh, and picking stock in a company that gets bought out is generally just luck, not some kind of skill (unless, of course, you got some inside information). My brother had stock in a company (one for which he did some work for) that got bought out, which in turn got bought out, and which in turn got bought out again. All was good. Price of stock sitting at a nice $40+ a share, I believe. They were going to use the profits for redoing their kitchen. Unfortunately for them, they last buyout was done by a company called Global Crossing. He didn't get out before it crashed and burned. Kitchen never got redone.

    But I'm sure that would never happen to apple (h***, all you need is Jobs to bite the big one and the price would plummet 50%).

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