View Full Version : Apple is 'rising star' of the stock market
Nov 3, 2004, 10:25 PM
Category: News and Press Releases
Link: Apple is \'rising star\' of the stock market (http://www.macbytes.com/link.php?sid=20041103222510)
Posted on MacBytes.com (http://www.macbytes.com)
Approved by Mudbug
Nov 3, 2004, 11:07 PM
It closed at $55.31 today and had a high over $56.00, so I was wrong. I mentioned that, after a year of the G5 iMac, Apple would be solidly at $55. For being wrong, I don't feel so bad.
Nov 4, 2004, 12:12 PM
apple time is now and their momentum probably won't stop anytime soon. I trade stocks frequently and broke the rule of never falling in love with a stock and just cut your loses.
I bought apple on a dip when it dropped from 50 to 25 in a couple of days. I thought it was a steal of the century until it dropped to 13. This was 2001-ish and instead of cutting my loses when it went to 20, i held on. At 13, i not only double my bet to have a lower cost average, I went x5. My cost average now is ~15. I still don't plan on selling anytime soon. With the G5 iMac selling like hot cakes, xmas around the corner ... i'll wait til the next earnings announcement--but probably still not sell .... there is still tiger baby.
Nov 4, 2004, 12:27 PM
I am so glad I told our broker to buy at $38 dollars about a month ago. And I think it is only going to get better the demand for G5 iMacs has skyrocketed and christmas is coming. Time to buy people!