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View Full Version : AAPL is killin me!




Trout74
Aug 16, 2007, 10:37 AM
Man, AAPL stock is taking a beating. Couple weeks back I almost pulled the trigger and sold at 140, then it went to 146 and I was happy I didnt. Then is started to slowly slide and now man im hurting, I think I will just quit watching it for a few weeks and see what happens.

Trout



nando2323
Aug 16, 2007, 10:40 AM
Man, AAPL stock is taking a beating. Couple weeks back I almost pulled the trigger and sold at 140, then it went to 146 and I was happy I didnt. Then is started to slowly slide and now man im hurting, I think I will just quit watching it for a few weeks and see what happens.

Trout

Yeah I feel your pain, I been watching that thing like crazy and its plummeting. But the whole market is so its no surprise to me.

bc008
Aug 16, 2007, 10:40 AM
i know! i got 2 shares of apple for my 14th birthday, and its already at 114.86, i thought with the new imacs it would go up!

diehardmacfan
Aug 16, 2007, 10:42 AM
i own 16 shares of AAPL and i bought it when it was at 126 a share:mad:

FF_productions
Aug 16, 2007, 10:43 AM
In the last couple of weeks the stock has just plummeted.

I was sitting here thinking the stock was going to go higher than 150.

After the iPhone got released, the stock went downhill from there.

Trout74
Aug 16, 2007, 10:47 AM
i own 16 shares of AAPL and i bought it when it was at 126 a share:mad:


you and I are in the same boat, i bought right about there.

zen
Aug 16, 2007, 10:50 AM
Stocks are a long term thing. Relax.

kwood
Aug 16, 2007, 10:53 AM
I'm not religiously following the market, but I have heard a lot on the news that the stock market in general is seeing a downward trend. A lot of countries and banks are fuelling billions of dollars into the economy to see if they can curve the negative trend.

sparkyms
Aug 16, 2007, 10:56 AM
Seems like ALL stock has taken a bit of a dive in recent weeks.

We've all 'lost' money, so you're as rich/poor as the next guy.

jesteraver
Aug 16, 2007, 10:57 AM
I got rid of AAPL when they said Leopard was only coming out in October.

Plus the world markets now are having a hard time, soon going too be time to buy again.

macenforcer
Aug 16, 2007, 10:58 AM
Yeah this really sucks. I should have sold at $140 but I didn't. It will come back up. I bought 2,000 shares at $15 a share back in 1990s. Think of how much I lost today. :mad:

TheChillPill
Aug 16, 2007, 11:00 AM
If you own stock, and want to offload it, I'd suggest waiting until MWSF - traditionally you see big jumps around then - plus the iPhone will be on sale prior to that (Europe being a typically more advanced mobile market), so I would expect to see it top 150/160 around then.

kwood
Aug 16, 2007, 11:01 AM
Yeah this really sucks. I should have sold at $140 but I didn't. It will come back up. I bought 2,000 shares at $15 a share back in 1990s. Think of how much I lost today. :mad:

But think of how much you have gained since 1990. ;) Just think it's not as bas as the 1930's. I wouldn't consider the windows of a tall building yet.

TheChillPill
Aug 16, 2007, 11:01 AM
I bought 2,000 shares at $15 a share back in 1990s. Think of how much I lost today. :mad:

I'm struggling to get beyond thinking of how much you've actually gained since then :eek:

Trout74
Aug 16, 2007, 11:04 AM
I'm struggling to get beyond thinking of how much you've actually gained since then :eek:

yes, you have done real well! im jealous

Trout

macenforcer
Aug 16, 2007, 11:08 AM
I'm struggling to get beyond thinking of how much you've actually gained since then :eek:

Its alot. Retirement fund. I refuse to sell.

Tara Davis
Aug 16, 2007, 11:08 AM
But think of how much you have gained since 1990. ;)

WOOOOOOSH!

I can see that YOUR sarcasm detector is working just PERFECTLY! :D

TheChillPill
Aug 16, 2007, 11:15 AM
Its alot. Retirement fund. I refuse to sell.

Well, I have to say well done on keeping hold of them as long as you have. Many would have sold up a long time ago (either shortly before or shortly after the return of Jobs). Patience pays off ;)

FF_productions
Aug 16, 2007, 11:16 AM
Yeah this really sucks. I should have sold at $140 but I didn't. It will come back up. I bought 2,000 shares at $15 a share back in 1990s. Think of how much I lost today. :mad:

I just did some calculations and :eek::eek::eek::eek::eek::eek:

macenforcer
Aug 16, 2007, 11:19 AM
I just did some calculations and :eek::eek::eek::eek::eek::eek:

Yeah, those splits really helped out getting it up there. I thought we were due for another split soon.

SuperCompu2
Aug 16, 2007, 11:21 AM
I just did some calculations and :eek::eek::eek::eek::eek::eek:

I think everyone did...lol

simply amazing

OllyW
Aug 16, 2007, 11:25 AM
That's the problem with the stock market, you are only gambling on confidence.

It doesn't matter how well the company you have invested in is doing, if the market panics then everyone takes a hit.

outlandos
Aug 16, 2007, 11:26 AM
I think the stock still is overpriced and would wait till its around $100 again, which will be next week if we keep on going down like this ;)

IJ Reilly
Aug 16, 2007, 11:29 AM
Welcome to the stock market. I wonder what happened to the guy who just a few weeks was bragging about about how much AAPL he'd bought on margin and how rich it was going to make him.

macenforcer
Aug 16, 2007, 11:32 AM
The key to tech stocks is investing in a company you feel will be around by the time you are ready to sell. I plan on selling when I retire. You buy and forget about it. In 1999 I bought a huge amount of tech stocks and one month later they all doubled and I sold. Wish I didn't. Although I made a bunch of money that month, I would have made much much more if I never sold them. I kept apple and a few others on priciple. Best decision I ever made.

wordmunger
Aug 16, 2007, 11:36 AM
So, Techenforcer, since there have been two 2-for-1 splits since then, you actually have at least 8,000 shares now, right? That's not bad, for a $30,000 investment!

macenforcer
Aug 16, 2007, 11:44 AM
So, Techenforcer, since there have been two 2-for-1 splits since then, you actually have at least 8,000 shares now, right? That's not bad, for a $30,000 investment!

Something like that. When I sell the FED takes like 40% though. :(

suneohair
Aug 16, 2007, 11:48 AM
The market has been correcting for a few weeks now. Not a big deal. They will go up again when Leopard is here.

IJ Reilly
Aug 16, 2007, 12:33 PM
Something like that. When I sell the FED takes like 40% though. :(

Really? Long term capital gains rates top out at 15%.

The market has been correcting for a few weeks now. Not a big deal. They will go up again when Leopard is here.

The market has been in virtual free-fall for most of the month. Where it stops, nobody knows, and when it goes back up again, even fewer know.

As for Leopard, OS releases make virtually no difference to Apple's bottom line. The big tell will be at the end of the 4th quarter when Apple reports iPhone sales.

macenforcer
Aug 16, 2007, 01:27 PM
Really? Long term capital gains rates top out at 15%.





You still have to report it on your taxes as income for that year. They get you from all sides.

WildCowboy
Aug 16, 2007, 01:40 PM
You still have to report it on your taxes as income for that year. They get you from all sides.

But the stock is capital gains, not income. It goes on a separate line and gets taxed at a maximum of 15%. There is no additional income tax on it.

macenforcer
Aug 16, 2007, 01:41 PM
But the stock is capital gains, not income. It goes on a separate line and gets taxed at a maximum of 15%. There is no additional income tax on it.

Well that is terrific news. I don't know much about it. I have only sold once and they tore me up.

BlackMax
Aug 16, 2007, 01:47 PM
Just hang in there. Don't panic. Everything is cyclical. It will come back up in time.

diamond3
Aug 16, 2007, 01:49 PM
Well, I had about 22 shares @ 113 that I had bought. So now i'm even. I was close to taking it all out at 145 but just couldn't do it. Now I'm debating on selling and using it to pay for school. But, i'll probably let it go and i'm sure it will come up. I just don't know how long it will take.

IJ Reilly
Aug 16, 2007, 01:55 PM
Well that is terrific news. I don't know much about it. I have only sold once and they tore me up.

I hope you reported it correctly! Of course your state may also levy a capital gains tax in addition to the federal.

erandall38
Aug 16, 2007, 02:13 PM
51 shares at about $70
wish I would have bought more and the rest of u will wish u did too in about three year.
Steve jobs already officially announced there will be no more splits, so don't count on that. Personally I like this bc it will take some volitility out of the stock which is well needed. AAPL definitly has the potential to be another GOOG in the next couple years.

For those of u who are worried about the stock, remember why u bought it, remember what this company stands for,and remember why u like this company. Very quickly people are figuring all these same ideas out and this stock is bound to go green again.
With credit so bad right now the whole market is down, AAPL can not always stay green while everyone is red.... Keyword always.
for those of u worried about the stock don't watch until jan 08' u will be in for a big surprise.

and for those mentioning the iPhone please realize AAPL is not about the iPhone... It is about much much more which I think most of us here have experienced with this company.

Posted from my iPhone on a beautiful day at Huntington beach, not thinking about the market.

psingh01
Aug 16, 2007, 02:24 PM
It sucks, but just be patient :) It was once $8.00

WildCowboy
Aug 16, 2007, 03:05 PM
I made a tidy bundle from late '04 to early '06...definitely got out at the top there. I missed the run up from the bottom after that, but I jumped in with a few shares a couple of weeks ago at $133. My position is only about an eighth of what it was the last time around, so I'm just playing around a bit this time. Should have waited a bit, but you never know for sure. I'll be patient...if I get a 2X out of it over the next year or so, I'll be happy. But if it goes nowhere, it's only a couple of thousand bucks just sitting there.

AAPL was the majority of my portfolio there for a while, but no longer...I just don't have quite as much confidence in its trajectory anymore. I think we could see a lot of horizontal movement going forward, with the overall market direction dictating things much more than anything specific to AAPL. But if it takes off, I've got my toe dipped in a bit.

wordmunger
Aug 16, 2007, 03:12 PM
I hope you reported it correctly! Of course your state may also levy a capital gains tax in addition to the federal.

Also if he sold it all at once he'd probably be liable for the alternative minimum tax, which is much higher than 15 percent.

IJ Reilly
Aug 16, 2007, 03:39 PM
Also if he sold it all at once he'd probably be liable for the alternative minimum tax, which is much higher than 15 percent.

Good point. I guess I should be thankful I didn't sell all of mine at $140. :(

knelto
Aug 16, 2007, 04:52 PM
It may seem a bit late, but in light of the stock dropping is anyone considering selling some shares, watching the price drop more and buying back for more shares? I've been tossing around the idea of selling half of my shares and watching the drop carefully to buy back at the beginning of the comeback. The concept is simple: the more you sell and the further it drops, the more shares you can gain when buying back.

But the real question is, how much further is it going to drop and is it worth the risk?

kman34
Aug 16, 2007, 04:58 PM
AAPL is still a substantial part of my portfolio...I got in at $89 a share and have been buying on dips every since then.

I try not to get upset when the stock tumbles. I look at it as being on sale...picked up some more shares today @ 112...made some money on those shares already.

AAPL has plenty of cash and cash is King...companies that need to borrow to operate should be avoided at this point (that's just my opinion).

Eric Lewis
Aug 16, 2007, 05:30 PM
my dad bought 10grand worth of Apple stock(whatever that is) when it was like 40bucks....and he was going to cash out when it was 140ish..but i said wait till october after leopard etc? was that the right decsion?

WildCowboy
Aug 16, 2007, 05:33 PM
was that the right decsion?

Ask us again in October. If we knew, we'd been spending less time here talking and more time trading stocks. But for only as long as it took us to be able to retire.

sbluetruck
Aug 16, 2007, 05:52 PM
AAPL has been going down since execs dumped $30 mil before the august 7th presentation because they knew it would go back up with the iMac, iPod, Mac Pro and Leopard release.


sheesh, when Jobs gets paid $1 a year for a salary, but is given 10 million :apple: shares of stock, i think you've got to sell it SOMETIME in order to keep driving your liscence plate-less benz around cupertino ;)....


that guy is awsome. :D

IJ Reilly
Aug 16, 2007, 06:42 PM
AAPL has been going down as the market overall has been gripped in what can only be called a panic. Look no further for reasons.

flipperanubi
Aug 16, 2007, 06:51 PM
a

elcerrito494
Aug 17, 2007, 12:23 AM
Yeah this really sucks. I should have sold at $140 but I didn't. It will come back up. I bought 2,000 shares at $15 a share back in 1990s. Think of how much I lost today. :mad:


MAN you bought at a good price haha. Price one or two stock splits since then, so you really have 4000 or 8000 shares. Crazy. Lucky you! (Well, eventually anyways haha.)

seany916
Aug 17, 2007, 12:41 AM
Now is the time to buy Ford.

I predicted Nissan about 5 years ago.

Ford in about 3-4 years will be fairly competitive.

Ford in 7-9 is going to shock the hell out of people.

Does not apply to GM based on current info.

No, I do not have insider knowledge. This is only speculation.

Macky-Mac
Aug 17, 2007, 01:47 PM
I saw in today's paper that Steve Jobs is exercising an option to buy 120,000 shares at $5.75 a share.....APPL sure has been good for him