Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.

lordmac

macrumors regular
Feb 15, 2004
241
0
Santa Cruz, CA
joecool85 said:
I really have been thinking about buying some Apple shares...


It certainly is tempting but remember its not always smart to buy such hot stocks(speaking from an investor standpoint). From an apple fanboy standpoint i say invest as much as u possibly can lol. :D :p
 

Les Kern

macrumors 68040
Apr 26, 2002
3,063
76
Alabama
joecool85 said:
I really have been thinking about buying some Apple shares...

I did, at $12.00 and sold at 38 or so... made a mint. But know that it went to 70 and split, then up to 53 as of today.
Don't buy stocks because you like the product. You could lose your butt.
 

Sun Baked

macrumors G5
May 19, 2002
14,937
157
Les Kern said:
I did, at $12.00 and sold at 38 or so... made a mint. But know that it went to 70 and split, then up to 53 as of today.
Don't buy stocks because you like the product. You could lose your butt.
Yes...

Buy stocks in things you know well, but generally don't buy the "hot stocks" if you plan on keeping it for a long time.

A stock that has been battered for awhile, and the company has actually turned around and started back up are the warm stocks to jump in on.

Don't buy stocks because they're a good deal now, Eron was a good deal for a long time.

Always get them when their changes start working. Losing a little on the front end is worth not taking a gamble on several stocks, and getting nailed on a few.

---

Dell, MS, and Intel were all "hot stocks" ... tides will turn and Apple will cool down, but hot stocks get hammered on every slight bobble.
 

iDM

macrumors 6502a
I'm working out a theorem that would allow me to invest in Apple and take the profits to constantly buy and upgrade a PowerBook and PowerMac with the largest screen simultaneously. I'll get back to everyone if i figure out the right ratios.
 

Demon Hunter

macrumors 68020
Mar 30, 2004
2,284
39
iDM said:
I'm working out a theorem that would allow me to invest in Apple and take the profits to constantly buy and upgrade a PowerBook and PowerMac with the largest screen simultaneously. I'll get back to everyone if i figure out the right ratios.

Dude... sweet. :cool:

We could be very good friends...
 

aloofman

macrumors 68020
Dec 17, 2002
2,206
3
Socal
I think this author doesn't know what he's talking about. It is not "too late" for Microsoft or Dell to catch up in digital music. If it were, it would probably also be too late for anyone to dent Microsoft's OS near-monopoly.

The stock is up because iPod sales are high. When sales level off -- as they inevitably must -- the stock will go down.
 

Fukui

macrumors 68000
Jul 19, 2002
1,630
18
aloofman said:
If it were, it would probably also be too late for anyone to dent Microsoft's OS near-monopoly.
How many years has it been? 20? Not a dent yet so far...
 

Sun Baked

macrumors G5
May 19, 2002
14,937
157
MongoTheGeek said:
Katie can correct me, but I don't think Enron was ever a good deal except for the early days of Ken Lay when they went from just owning pipes and printing money to opening the energy casino where they were the only players.
I'm talking about the period after they were the "hot stock" and were trading low.

When Ken Lay was telling the employees, the stock is a good deal -- buy it.

The period when he thought he could save the company. Right before it was taken into bankruptcy.

Before they announced the bankruptcy, quite a few people were talking about how good a deal it was.

Just because the high flyers are trading low doesn't mean they are a good deal, because some of them really turn rotten -- like Enron, Scott Paper, Coleman, etc.

Krispy Kreme would be one that some would have classified as a good deal, but it is also close to death right now.

Edit: Unless you are buying the stock for it's artwork ...

http://www.oneshare.com/stocks.asp
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.