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Apple is 'rising star' of the stock market

Discussion in 'MacBytes.com News Discussion' started by MacBytes, Nov 3, 2004.

  1. macrumors bot

  2. Moderator emeritus

    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.
  3. macrumors 6502a


    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.
  4. macrumors 65816


    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!

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