I shorted apple when I saw iphone rollout--money in the bank. iphone X is "new coke", a franchise disrupting development
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APPL Stock Buy or not to Buy????
- Thread starter PuruPurfler
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You can bank on AAPL falling immediately after WWDC and the iPhone announcements. But I buy stocks for the long haul and buying the day after the announcement when AAPL temporarily falls, tends to be a good move.
Anyway, my old disclaimer no longer applies. I've sold my AAPL, making a 160% profit, moving to a more conservative, indexed, ETFs. A less exciting rollercoaster in my retirement. And I've just bought an iPhone 8+ (Apple's Coke Classic?) after not making any Apple purchase in nearly 3 years.
figure i would post this update... 7 months ago i did my first post on bitcoin on this thread bitcoin was at 980usd today it's floating around the 4,000 mark and there was split so i now have an equal share of bitcoin cash which is currently at 450usd. im so glad i got rid of my apple stock when i did. best decision i ever made.
Like anything in the market, if you're not in it for the long haul you should find another vehicle for investment.
Sure, the recent fluctuation was significant, but the P/E ratio is still excellent and with the cash Apple is sitting on there's really not much of anything bad that can happen.
And it's up well over $2.00/share near the close of today's market.
I'm long in Apple since the mid 1990s, so I'm pretty much set, no matter how much it tanks. I rarely look at the stock price once a day. I know it's always going to end up rising in the log run.
MacDann
Sure, the recent fluctuation was significant, but the P/E ratio is still excellent and with the cash Apple is sitting on there's really not much of anything bad that can happen.
And it's up well over $2.00/share near the close of today's market.
I'm long in Apple since the mid 1990s, so I'm pretty much set, no matter how much it tanks. I rarely look at the stock price once a day. I know it's always going to end up rising in the log run.
MacDann
Agree with everyone who says buy for the long haul. If you don't have insider tips, it's hard to play the buy/sell game at the right time but year over year, the stock market does give great returns.
I would certainly buy AAPL on the dip and hold it for many years. The way the company is set up and evolving they'll be around for a while whether or not we like the iPhone X or not or that there were no line-ups for the iPhone 8. Company is still financially very healthy.
I would certainly buy AAPL on the dip and hold it for many years. The way the company is set up and evolving they'll be around for a while whether or not we like the iPhone X or not or that there were no line-ups for the iPhone 8. Company is still financially very healthy.
This is untrue. Investors come in many flavors: technical, short term, long term. My point was the Apple roll out of the 8 and the X presented a strong case for a significant short term dip. The aspirational quality of the X would seem to freeze diminish 8 demand while questions about facial recognition would create confusion for potential X buyers. I saw this as a 12 point idea, but it was a 7-8 point idea.
Here is a longer term consideration: is the apple ecosystem diminishing as market force in an era of streaming music and a significant diminishment of market excitement about apps? If facial id is a flop, i see Apple momentum significantly reversed.