Apple Computers (APPL) crosses the $20/share mark!

Discussion in 'Mac Scene' started by BigJayhawk, Jul 7, 2003.

  1. macrumors regular

    Joined:
    Jan 8, 2003
    Location:
    New Jersey
    #1
    Setting a 52 week high TODAY, Apple Computer briefly crossed the $20/share mark and is still hovering in the high $19/share range. This is the highest that Apple stock has been in WELL OVER a year.

    As recently as May, Apple was barely above the $13/share mark representing more than a 50% raise in stack value in about 2 months.

    Not bad at all when your bank account is gaining about 1% ANNUALLY these days!?!
     
  2. macrumors 68040

    Kwyjibo

    Joined:
    Nov 5, 2002
    #2
    thats awesome.....I can't wait to see what happens when itunes for windows and international appears....then maybe $25 or $30...or if apple definitively defends all those benchmarks
     
  3. Moderator emeritus

    Mr. Anderson

    Joined:
    Nov 1, 2001
    Location:
    VA
    #3
    Yeah, saw that today - unfortunately my Apple stock was purchased at around $21-$22 - so I'm still hoping.....

    Good for Apple though!

    D
     
  4. macrumors 6502

    Joined:
    Apr 11, 2003
    #4
    This is great news! I bought Apple stock a couple of months ago and it's gone up about 18-19% since then. Too bad I didn't buy that many shares. Hopefully the G5s will be very popular and push up the stock even higher! (for poor Mr. Anderson ;) )
     
  5. macrumors member

    Joined:
    Apr 1, 2003
    Location:
    Chicagoland
    #5
    Apples stock pretty much followed the rise of the Nasdaq in general today. I hope it will stick arund $20 but wouldn't count on it. There will probably be a correction in the next week or so and the Nasdaq and apple will slip back.

    Shipping G5s and ITMS for windows will do a lot more for apples stock then a one day bubble.
     
  6. macrumors member

    Joined:
    Jan 21, 2002
    Location:
    Belgium
    #6
    Mmmm, I still have some that I bought at 61$, I'll have to wait (and hope) a long time :(
    But of course I also bought some at 16$, so that for the moment I'm almost break-even :)
     
  7. macrumors 6502a

    Vlade

    Joined:
    Feb 2, 2003
    Location:
    Meadville, PA
    #7
    I think once I start investing in a while macrumors will be my best research website :)
     
  8. macrumors 68000

    topicolo

    Joined:
    Jun 4, 2002
    Location:
    Ottawa, ON
    #8
    I think we're already experiencing the long-awaited recovery of the stock market. we may actually be moving into a real bull market and the momentum is a pretty good indicator (although there could be corrections).
     
  9. thread starter macrumors regular

    Joined:
    Jan 8, 2003
    Location:
    New Jersey
    #9
    Well, at least the stock that you bought at $61 has split 2 for 1 since then so you really bought it at $30.50 (with relation to the current value). You're getting closer now to your original value.

    Also, as to the "one day high" comment earlier, Apple stock has consistently went up almost every day since May. I was not saying that it has went up just today. It has been a steady climb from the $13+ range to the $20 range.
     
  10. macrumors 68040

    Macmaniac

    #10
    Well I will continue to kick myself over the fact that I did not sell when they hit $150. I could have made $5000 off 35 shares:(
     
  11. thread starter macrumors regular

    Joined:
    Jan 8, 2003
    Location:
    New Jersey
    #11
    $2500 from current 35 shares but still not bad . . .

    If you picked EXACTLY the right time BUT you'd have 70 fewer shares now OR only $2500 to show for your 35 sold shares (the stock split 1 for 2 since the stock value was around $150/share).
     
  12. macrumors member

    Joined:
    Jan 21, 2002
    Location:
    Belgium
    #12
    Actually I bought them at $121 before the stock split, so that would make around $61 now :(
    But I only bought 50 of them...
    And the last year I bought hundreds more at a lower rate! ;)
     
  13. thread starter macrumors regular

    Joined:
    Jan 8, 2003
    Location:
    New Jersey
    #13
    $900 not too shabby . . .

    So you would have "made" about $900 on your $3600 investment. Not too shabby but way to have LONG TERM faith in Apple. Now let's hope you were not wrong to hold onto the stock afterall.
     
  14. thread starter macrumors regular

    Joined:
    Jan 8, 2003
    Location:
    New Jersey
    #14
    Apple stock STAYED over $20 today!!

    Way to go Apple!!! And the G5 hasn't even shipped yet, the iTunes for Windoze is not out yet and the Panther is still on the prowl!!

    Let's keep the momentum!
     
  15. macrumors 68000

    topicolo

    Joined:
    Jun 4, 2002
    Location:
    Ottawa, ON
    #15
    You spent $7.14 on each share? when did you buy into apple?
     

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